i used to think that the fundamentals drove the market and the tech indicators just gave good entry and exit points.
Now i think the long term chart trends just use news to trigger spurts of movement along the path that the longer term charts are forging.
Like in a bull market the bullish news seems to have higher impact and the bearish almost ignored.
if you are patient enough to look through my posts I once said that news affect market on the spot only to resume techs later...talking about W and M here
but...and here comes the greatest problem.
let's say we go to the TL now @ 1.613X area where all bulls expect it to go maybe today and to be rejected for shorts.....but bankers wait the same thing.
we are small,they are big.
we say short as we all know it is an important level but they just decide to push it higher and higher maybe tonight with the minutes (1 1/2 h from now) and could easily go to 1.6187 as next TL
and tmr would be the end of the world and FOMC + ESM can take it even higher in a continual up trend to 1.7333 as my last TP before 2....
in this case,a well placed news will sh*** all the indies including the ones on high tfs.
anyway,from today on I declare myself full bear
from now on I will only short starting 1.6130 later 1.6180 and so on 
quiet funny!
