Not sure how this channel will play out, I prefer it to break up.
But FOMC is coming in just a few days and that's a big big wild card.
But FOMC is coming in just a few days and that's a big big wild card.
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Disliked{quote} dean, any idea what happened to elbert and spud? havent seen them posting much ;( as for GU am kinda flat atm. no man's land for me... fundamentally should be down? but as we see, she's stubborn and continues to rise ;o maybe 1.47 and above I will consider a short cheers, allIgnored
DislikedI see everyone here is saying the trend has reversed and GU is heading south, well i say open an 4 hr chart and tell me what do you see? do you see a downtrend or uptrend with a breather? Next, apply Fib on the last swing up on the 4 hr chart and tell me what do you notice? isn't the current move at 61.8% of the original upward move? what does this suggest? I expect PA consolidation between (1.4280 and 1.4220) for the day and perhaps a continuation of the trend for the remaining week. Of course FOMC will push in one direction or another, put essential...Ignored