cotton wool or stainless steel friday, page-107

The spread on the weekly open and close is a paltry 3 pips.

This is not a dump!

For every seller there's a buyer and this was bought up yet again today hence the high volume. The reason it didn't drop close in the mid twos is because there were too many buyers, hence the small spread.

Also yesterday we had an open and close spread of 6 pips. Today we had a quarter of the volume and an open and close spread of only 3 pips. What does that tell me? The momentum SEEMS to slowing to the downside considerably.

And don't forget it's also Friday.

Just my opinion.