NI REPORTClearly we need that NI report to blow past all the resistance levels....From the looks of it does not seem possible that we may get past 0.50 (see level 2....bids VERY weak compared to asks) before the NI report comes out in the 2nd week of Nov....or the market is predicting the NI report will be delayed and/or might not meet expectations....all these ifs create uncertainty around EFG at the moment IMO! Regardless, if I was a betting person I would start buying right here and go against the negative market sentiment......This is a High Risk High Reward Game Now!
Did not like the fact today the houses (institutions) that were buying on Friday unloaded today! Does not make sense at all, than again the market is not suppose to be a clear cut investing game....got to read inbetween the lines and try to be on the Right side of the trade (or ahead of the curve)! Only a handful of people can do this, and they go on to make HUGE PILE of MONEY in the long run!