DislikedMy last week plan.
This week i have a neutral view and react to the market as it moves.
i wont be taking any position within the levels of 2868 and 2922 except scalping which i think will be good.
if the market decide to breakout of 2922 i shall jump at it and i think it will be a big spike to 2972 area.3031 is a stong resistance line and i think it will range below that for some long time ,and another spike to ending at 3143 my target.
If the market break below 2860 i shall enter my shorts and add my shorts as it breakdown below...Ignored
This week things look a bit hazy,the last 30 pip drop has left the short term bulls scratching the head.The sharks on vacation should be in their desk this week and i hope to get the critical volume to move the market in the way they choose. hope to play the range of 2684/2744 and 2666/2762 for somemore time.
buy pending order at 2659 (sl10) to catch the break out and hope to take it as far as 2856 (sl10) were a pending short will be opened.
if however the sharks decide to take the market down shorts will be opened only below 2646 .
the down spikes in gold and bonds show the stabilisation of the risk assesment, increase in baltic dry index,restructuring of debt of dubai world ,good economic reports from china etc augur well for commodities. crude may reach 80 and dow 10600