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Wednesday, February 15, 2012 1:06:53 AM
I call bullcrap on this pop tonight. I say it's a matrix formation and the next target down is 1.0580 or so.
First leg down to make the new lows was sharp and quick so that's a thin leg. Now we have the makings of a distinct 3 leg fat matrix.
The wonderful thing about all of this is that once this is done, we'll get one more pop and then a much bigger matrix to the downside will begin.
BTW, I'm putting my money where my mouth is...I added another small AU short here at 1.0748. In for two lots now.
Sweet!
AU Hourly Chart...
First leg down to make the new lows was sharp and quick so that's a thin leg. Now we have the makings of a distinct 3 leg fat matrix.
The wonderful thing about all of this is that once this is done, we'll get one more pop and then a much bigger matrix to the downside will begin.
BTW, I'm putting my money where my mouth is...I added another small AU short here at 1.0748. In for two lots now.
Sweet!
AU Hourly Chart...
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