Posted by: rp on the 29th of Dec 2011 at 09:57 am
gapped down today clearly below the T1 zone that it’s been hovering on for a couple of weeks. T2 should be very likely soon unless the EURO bullish scenario i posted last night plays out. wish i could put good odds on which way that goes but unfortunately, i’m about 50/50 whether the bullish or bearish scenario plays out. bullish scenario on the EUR/USD would have stocks rallying from here into january. still short AMZN (and more) for now. 30 pt gainer so far.
