I'm bearish except one thing troubles me -- what I'm reading about there being "record-setting" short positions on the Euro right now.
If we're at record levels, doesn't that suggest that everyone who can go short has gone short? At which point a reversal could occur and more people than ever stand to have their stops hit?
I'm short recently at 3071 so I hope not. But sentiment extremes can be trigger points for reversals -- or signals of a major sustained move. Which will it be?
If we're at record levels, doesn't that suggest that everyone who can go short has gone short? At which point a reversal could occur and more people than ever stand to have their stops hit?
I'm short recently at 3071 so I hope not. But sentiment extremes can be trigger points for reversals -- or signals of a major sustained move. Which will it be?
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