Dislikedit has bounced off the feb 2002 trendline twice in the last month, so are we going up or down?Ignored
conclusion:it can go either way really...it can break up or down...to be seen...
bias..still short until we at least tap 1.3882 (the previous low)..at least to create a double bottom and fill the void 100%..at that point fundamentals come into play and its too early to say...if the bailout bill passes and by some miracle it works..unfreezes credit markets..revives the stock market and economy..at least "artificially"....and restores some confidence in the overall sentiment about the us of a....this may be just the beggining of a much larger downwards move....then again the bill could be failed or not work as intended which causes economic meltdown which may lead to a good bull run....to be seen honestly this is scalp environment and im not scalping...
Different opinions highly valued, ignorant to slander.