{quote} We've had three pushes to the up side coupled with the fact that the New Home Sales data so far hasn't had much effect on the market yet, so going short doesn't look like a bad idea. But I think I'd start getting concerned around that area where you see the red line, because that is a rising trend line and if I saw any candles reaching below that area with a long wick I'd think about closing that short. {image} {image}
in the opposite direction ]
{quote} In the moves like that, Monday's high / low becomes very important for the rest of weekly move ... its the only reason i took the torture of waiting for b/o at 1.36575. I thought sellers gave up but they are camping at London's opening , which is not a good sign!
