The US dollar regained some strength in relation to major currencies. Anyway, I will watch 1.1040-50 area in case it needs one more push lower against CAD.

That 32.50 will probably be it... At least until they run that TL. It wouldn't break my heart for it to just keep dropping, though.

ABCD versus ABCD.
Bearish looks much more nice to me

3D to the area and reversal?

So, what did it do? It stopped just two ticks lower at 32.00, then took out the TL in a head fake, right to my //, and then dropped 17.25 points so far. Now read the below again. They made it look weak, the gunned it up and over, setting the TL trap, they went right to my key line that few if anyone else would see, and they dropped it like a rock off a tall building. Pretty much exactly what I thought. BTW, any idea why it stopped here and wants to bounce? KZ. We shall see.

Originally posted by jimkane

So, I'm waiting on this thing to push up over the obvious TL, right to my key ML that sits just over that. Perfect fake trap. If they kept it looking strong this could be a great trap. Now I'm wondering will it drop right from here? This little bullish ABCD is just right to send it up to take out that TL. But, it looks weak. Is that how they are trying to make it look? Plus, this is not the time of day I'd expect selling to start. But, something make me think I should be short right now...

Anyway, this type of move makes me wonder if this isn't going to do another 40-60 points essentially straight up, the way they manipulate this thing. The short is screaming at me, though...

Originally posted by jimkane

That 32.50 will probably be it... At least until they run that TL. It wouldn't break my heart for it to just keep dropping, though.

TNA- ''sharp moves, particularly if they are back to back, call for modified schiff set''... that was the starting point for yesterday;s trade... included are my working charts