Thursday, June 14, 2012

It seems the Market is revealed

Yesterday- we saw the "top" of a channel- in AU GU NZ With no real valid count bearish or bullish- I opted to close positions until a clearer direction was revealed. One thing in the back of my mind was XXXUSD all had a top and bottom with no supply/ distribution/accumulation- (labeled b/c on AU but gu EU similar- bothersome because DIstribution would always have high V tops- so always keep an open mind :) The Distribution on UCHF, USGD looks to finally start playing out- we should see a nice C wave in all currencies lasting maybe 10 days? Time of A + Time of B...