My bias was mentioned in previous post. Here is the reasoning. Fundamentally we all know U.S is struggling. It's no secret Ben wants a weak dollar. U.S has been manipulating the market using a very good strategy. Talk! They know depending on what words they use that the markets will react accordingly. However, there have been signs recently that i believe many have missed. Geitner wants the current administration to look as though they care about the state of the dollar. thus the consolidation at the 200 sma. My belief, a continued rally till the 61.8 fib (4400-4480 approximately) There the big money can gain better entries for the short to new lows. In addition the elections will be over, and the administration can begin to implement a stronger dollar policy. Just my belief! Still holding previous stated positions! Trade safe!
All that is left in FF is just plain garbage. "Cloggie"