TPTB *heavily* long Euros.
Archive for May 2012
This is hard to believe.
Clearly JPM is dumping their shorts
But despite two hi vol drives down:
7,500 contracts on Monday, Apr 30th.
14,000 lots Tuesday May 8th
the continued attempt has been unsuccessful
in breaking the Dec Lo,
and buying all the stops below it,
on the May 15 down move or today.
And today after approaching it
a long tailed hammer reversal.
Either they are luring in more longs
to build up the stops
or there are veeery strong interested buyers.
at this level.