if you draw a trendline connecting the Oct. 28-Nov. 4 highs, it passes just above current price by 150 pips or so. I think we're going down this week, but there's going to be a run at that trendline first. I think it'll happen in the London session, hitting 228.00 and then we go down hard.
- #54,008
- Dec 9, 2007 10:33pm Dec 9, 2007 10:33pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #54,010
- Dec 9, 2007 11:35pm Dec 9, 2007 11:35pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #54,011
- Dec 9, 2007 11:36pm Dec 9, 2007 11:36pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #54,012
- Dec 9, 2007 11:36pm Dec 9, 2007 11:36pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.