DislikedJust to let you know your not alone in this endeavor. long this pair looking at 210 minimum by august Many of life's failures are people who did not realize how close they were to success when they gave up! Thomas EdisonIgnored
I thought I'd post a little observation I've made, and one I've noticed happen on many occasions. In the chart here, you'll see a box with a circle for each time price ignited for a small burst of buying. When I see this, I know there are strong buyers that are building a position (well that's my theory anyway). I've noticed that sometimes, that buying will be a sign that we hit a bottom (vice versa at a top), and other times it we might get one final selloff to a new low and THEN we have hit bottom. I'm thinking that is what has happened here, even though we are close to making yet another new low.
Whatever the case, this whole move lower has been so easy on shorts. The market just isn't that easy on anybody for very long.