Some thoughts on the market‏

Last week we saw some pretty strong movements out of the pairs against thedollar, does that mean you need to suspend it? No, actually as we have always learned, after each move there is a restperiod, that is what we are looking for.. EUR -- resistance on the daily and weekly are coming up, should start toslow trading a bit this month thru the EU vacation time in July aug. GBP -- been running a week or 2 but it is still a retracement on the weekly,so expect some resistance to start showing up soon... With choppiness.. AUD -- same story different pairs, as the US economy shows signs or isproported to be hitting bottom a lot of funds sitting on the sidelines arestarting to trickle into the market, commodities and oil, driving the dollardown... Now, here is my thoughts......... We have had for a couple of quarters some "flight to safety" as the punditsand others have said we are in the next big depression, the acts of bernakeand G-man have thrown a bit of brakes on it, but certainly the "raining" ofdollars onto the market may come back to bite them in the buttocks. There CERTAINLY have been mistakes in this debacle that will start todisplay their ugliness soon, depending on how severe that is , will dependon market. Here is what I am watching...... GM - if the do file bankrupcty, that will reverberate through the market,and cause some dollar moves, as some scaring will happen, so watch forabrupt strong moves the other direction this week. As the President presents the next big spending plan, expect some fights andarguing there, G-man is flying to china to assure china we are not completeidiots and "kiss backsides" so they don't pull the plug on is.... We live in interesting times, this month is the end of the 2cnd quarter, andshould be quite interesting to see how they market sets up for summerquarter. Andy <> Stapletonwww.eaFXTrader.com your Final Solution for MT4 automated Trading