Yes, this is the view of the big money right now:
Originally Posted by JG Forex10
They have NOT dumped most of their longs from the buying last 2 months. BUT they are becoming weary. They usually go out with a bang..meaning one final push to take profit and start shorting at the highest price they can. This will also trap people long. This is the most typical behavior you can expect..but of course anything can happen.
I cover this stuff in the VSA thread, I gave you link. This is understanding the market, before considering anything else..indicators etc.
Last edited by petefader; 10-22-2010 at 09:39 AM.
There's no crying in forex.