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Infinity replied Jul 31, 2008Nothing is certain but it is a possibility... please see these posts...... here and here NFP holds the key tomorrow but we may retest 9880 -9900 before then....
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Infinity replied Jul 31, 2008Yo Warta, it seems we could see the play you were suggesting.....

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Infinity replied Jul 31, 2008Great observation bro...... but I still maintain that it is the close that will be important... if you notice your chart you will see that in the first scenario, the second to last pin closed lower than it opened after making a lower low...the ...
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Infinity replied Jul 31, 2008Price action will lead the way my friend...let us see what the daily close brings....

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Infinity replied Jul 31, 2008It is possible that the action we have seen today was based on that and it has already played out...

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Infinity replied Jul 31, 2008I think a daily close above yesterday's high which is 9841 would be good enough for more bullish action. As you said, the daily close is most crucial now...
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Infinity replied Jul 31, 2008Daily not closed yet....but if it closes red, it qualifies as a bearish pin for me...

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Infinity replied Jul 31, 2008It sure is incredible.... on the face of it, it is telling us to short it.... but I am not convinced yet... There is also a pin forming on the daily..... the close will be telling.... I am flat for the moment....
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Infinity replied Jul 31, 2008I think the short term critical levels now are 9780 and 9833... I am not shorting yet just based on the pin because the spike was because of the news. We are right back where we were before the news..... I think a break of either of these levels ...
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Infinity replied Jul 31, 2008
4h pin confirmed...... break of 79 and its going down...Cable Update (GBPUSD)
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Infinity replied Jul 31, 2008I don't think so either but this is one hell of a bounce. I don't see yet what caused such a big bounce but I think it is mainly profit taking and we may see a reversal soon for the same reason. This is shaking out all weak positions before a bigger ...
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Infinity replied Jul 31, 2008if my 4h bar closes like this it will be one hell of a pin..

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