I still see a major down move materializing in the $Index. Just hard to say what the timing is. I am still long from above and in the hole a little. I will cover if price solidly clears 2059 to the downside.
I think we are headed back up to test the 2330 highs. I think we will break thru to the topside. Personally, when I step back and think about what has caused the retreat recently (Trichet's mouth). It just doesn't add up. No one man is going to move the market in a totally different direction. It is just plain old human emotion. Then comes realization.
Plus there was a full moon at the end of last week. Go ahead laugh, but plot the moons on the Euro over the last several months.
I think we are headed back up to test the 2330 highs. I think we will break thru to the topside. Personally, when I step back and think about what has caused the retreat recently (Trichet's mouth). It just doesn't add up. No one man is going to move the market in a totally different direction. It is just plain old human emotion. Then comes realization.
Plus there was a full moon at the end of last week. Go ahead laugh, but plot the moons on the Euro over the last several months.
