DislikedIt seems that geppy is has a fight going on right now but seems to be gradually going down. My question Zack is where do u see the bottom for this geppy trend and do you think we will see it with in today or the next few?Ignored
The dollar is still strong...I see a lot of this movement as a fight to close the gaps...G/J is having a REAL HARD TIME below 198.50 and staying there.
I locked in profit on the hedge because I don't really see the bears winning on this.
I would set a bottom right now around 198.04....but the channel we are in right now is up and down between 198.50-199.50
I think that the market needs just a little more time to finish sealing gaps up before it can finally react to what it intends to do rather then a very rough tug o war with bulls and bears
Zack
The only sovereign I can allow to rule me is reason.