We're stuck... in Bimbo Limbo. But one thing's clear to me from looking at the GBP/USD Weekly Chart. The 1.5436 area is a key point to ponder. If we curve up more and form a double bottom, we could be looking at more smokin' hot action further north.
Remember... there can't be a pop without some chop. And once the Guys of London pop, well, they can't stop.
I don't really see any divergences, but it's definitely not that precarious, or is it?
The question is... do the Guys of London go for something as obvious as a double bottom? Well, I guess Agent Provocateur is not exactly subtle, now is it.
I don't know... I'm torn between fear and greed! Isn't everyone?
It's very interesting to note that prices have not touched the 200 period MA for a while on the GBP/USD Weekly Chart and the previous time this happened, it was very bullish. At the same time, I do not want to suddenly start developing conviction for what could turn out to be a very big loser.
Any thoughts on the following?
My portfolio was a second runner up today...
-0.51% on the standard brokerage
-0.85% on the Roth IRA
Upcoming Earnings Announcements for Stocks with Which I Have Open Relationships
16 April... BAC
19 April... C
21 April... MS
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