pete
its a scatchy inverse h & S at the best of
times but its there...
im anticipating a reversal confirmed by a
morning star pattern...
i said the other day about a prospect of shorters
still holding postions (xjo/world indicies)
geting squeezed and would probably look to cover
hence pushing the 8500 level..
sophisticated traders probably would of covered last night
in anticipation of the technical reversal but 'the herd'
mentality will exist in short positions as well..
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