DislikedHi guys,
so I came back from mountains. I would prefere to come back rich, but PA seems to really like monthly breakzone between 2346 and 2295 (which is heavily supported by weekly 2287 below). Moreover, 23288 Aftermath low, which is in mid of this, creates a nice magnet as well. I think we are going to close the week in this zone. I am watching weekly open today, as always on Friday.
I would be glad if someone told me what happened this week, so I dont need to read all posts. I ve already heard (in two posts above), that Merkel is supporting...Ignored
On the market capital flow front, there were reports that hedge funds are capitulating on Euro shorts, but that can just be a misleading report designed to sucker in the lemmings. Hard to say at this point. My feeling is that we're not going anywhere. We will probably close the day within this tight range (1.2260 - 1.2380). Next week we may have new developments but today I think it will just be a rebalancing of positions.
Those who say it cannot be done should not interrupt those who are doing it