Anybody watching the price action of cable.

I dont know about you guys, but Im wondering if cable is topping here or if there is some central bank manipulation going on. I would of thought cable would be higher after the rate hike..but no..seems a bit toppy. Ive been betting the futures contracts with some good success the last few months and have just changed the direction of my bets..just wondering if anybody else has that feeling...could be the holiday week too I guess. Better keep a close eye on it. Something just doesnt feel right.

-Nick

I will be looking to get long next week on any kind of renewed strength based on this price action. (pin bar, daily chart)

It may look toppish to some, but I wouldn't trust that pinbar on the daily chart.

I already made money on that pin bar !!!!

I'm talking about the pinbar that formed on Friday.

I dont think the British Gov wants such a strong pound. I know my relatives over there love it though making travel to the states pretty cheap for them...Ive gone short the december futures contract for now.. Thats what the price action is telling me anyway. Can always get out if Im wrong.

You are a brave man, svtnick.

I am short the Sept. 07 K. Any particular reason why u chose December, which is less liquid now? You can always rollover in Sept.