Biz Direct MarketKnowing When To Make A Good Decision

In last weeks commentary I proposed two scenarios of market movement. The first one was preferred and that is that the market was in a correction against the down trend and that the market should continue downward and break below the February low of 1.2512. The market indeed did that and in fact reached a low of 1.2455 on March 4th.

I suppose a question arises Why have two scenarios? My philosophy is that every trader and investor should have at least two views of potential market movement. One of those should be a preferred view, based on the weight of evidence that the market provides on the chart. But since there are no absolute certainties in the market, the best we can have is high probability.

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