bulls v bears

Hi all,

We are seeing the battle between the bulls and the bears....
being friday did not help....as traders took their profit heading into weekend and waiting for job data from US.
Fib 17.42 needs to be crossed and they tried to cross 17.40s twice and failed to stay above 17.40 and lots of technical traders selling into 17.40s resistance.
We see support coming around even number 17 at this time...I believe 17.42 will be broken next week provided US holds and after that it should crack 18 and above.
The weak ones were selling today and sure profits need to be taken and some have gone into neutral......those on margin....wanting to hold cash over weekend....those that have no nerve or conviction to hold....and many other reasons which are not that important.
What important is how are we going to make the most money out of this stock......that will depend on our strategy and experience and capital.....yes without capital traders will have difficulty in taking full advantage of any opportunity.
Have courage and stick to your rules and try to make decision based on FACTS....not on what you want from market
as you can't force market to do anything and market won't care about you!!.....FACTS/REALITY.....not EMOTIONS.......

Have a great weekend,