Wednesday, February 17, 2010


The market is very short EUR but now Greece has a month's grace to sort itself out.
Is this a bit of a squeeze where some of the shorts who don't want to wait a month get out or is this a good bounce. Price had to break the trendline to get me long, which it did tonight so I may be looking for a retest and a long tomorrow - a bigger bounce than we think.  All down to the indices now.

Why is 1.36 a thick line on my chart?    Here is the weekly view:

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