swissie's needle

Took a swissie short from 1.2310 based on the inside top pattern. Price was not sharp enough to pierce easily through the previous top on March 9-11, 2007. Target can be 21EMA which is about 1.2265. However, since this is a Moving average it may need manual adjustment based on where the price is moving to - this is the problem of moving averages. The tail can't wag the dog.