Not participating in the frenzy but will watch and wait for the short to present itself
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What was the reasoning behind last trade - here it is
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Max decline in 5 waves
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Small short order at 1.254 testing water
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Jan 15 chart at the top. Watch the upper channel wall. Should EU brake through 1.2184 - consult Jan 20 chart. Irish on behalf of the PIGS are proposing EU debt consolidation, should that go forward mark 1.4 target.
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Watch 1.2195 for short cascade
