MARKET UPDATE 1

I am expecting gap opens in most of the pairs today at Sunday's open.  I feel that price on the majors was artificially kept in check due to lack of participation from retail traders.  They are all still positioned from Thursday ( greed ), and not a whole lot on the sidelines left waiting to buy the market up.  The market needs some profit taking in order to breath.   Friday's action was equivalent to the market holding it's breath.  You can only hold your breath for so long and something has to give, and it's usually a burst of an exhale.  First you must exhale before you can inhale more air.

On a more material level, the herd needs to be spooked into action.  They are sitting fat from all that grass they ate on Thursday.  If I'm a predator it's prime time.  Attack'em while they are full, fat, and slow.  That's just my theory based on natural or which, humans simply are involved in the execution of the natural law on an unconscious level.  Cause we are the market.  We must breath to survive and so must the market.

Now you know why I expect gaps.  To release pressure which has been artificially built up BY PINCHING THE HOSE.

Not saying it has to happen but, the stage is set...

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM