apparently an Asian name placed a very large sell order right near the top.
like 500MLN euros.
that's a lot of coin and not only retarded any move north but put some serious hesitation on the table.
any time a large bank places this kind of order they are saying - this is it - top or not we aren't going much higher.
now... the bulls won't die that easily so I still see a shot at .4800 but 1.5 like the NY guys are calling... not this month.
my bias remains to the upside and hopefully we continue to sell off into the NY close... where I'll be buying.
Mike
like 500MLN euros.
that's a lot of coin and not only retarded any move north but put some serious hesitation on the table.
any time a large bank places this kind of order they are saying - this is it - top or not we aren't going much higher.
now... the bulls won't die that easily so I still see a shot at .4800 but 1.5 like the NY guys are calling... not this month.
my bias remains to the upside and hopefully we continue to sell off into the NY close... where I'll be buying.
Mike