I’ll keep it simple, if you ain’t long, you’re probably wrong. Last week saw that old age strategy of ‘buying the rumour selling the fact’ not working, instead we saw traders buying the rumour and buying the fact. This baby is quite simply gone.
although i have not seen any signs showing that daily chart turned bearish, when i look at weekly i see another move down in the near future.
at the moment i agree with you - all dips should be bought. BUT... maybe think twice at these levels.
Joined Jul 2007
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Status: Don't Loose Your Shirt
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I want a move down..so i can add to longs... but every chart i look at this baby has broken the hell out...i am still hoping for 145.50 but does it get there? lets see baby