Thursday, June 11, 2009
EURYEN made it to the count we were looking for finally a correction is imminent now but it might still take a few days to get started. and a test of 1.40 can not be ruled out. It basically trades in sink with the stock markets and the appetite for silly risk is still on. The problem is that this market is driven by a manipulation which is now at the point that the long only funds are trapped to run after the performance against their better sense. The ones who created this ambush on them are in complete control of it and we get to see them sometimes in the last 10 minutes buying action within the stockmarket. They have created all technical scenario's to make the people who missed the rally nervous enough to be forced to chase it. Nevertheless a correction of some magnitude is due soon.
Posted by getagrip at 3:44 PM