DislikedI see on the daily chart what you describe here...So, should the short folks bail out or stick to their guns? Regards
BRIgnored
You should never mix up the difference between the trend and the momentum... you have to use other indicators such as MACD, Stochs and RSI to determin the trend.
dailly Momentum bullish means this is not going to be a sudden 200 pip bearish shoot. it's going down slow and steady along with the 5 sma with some small bull spikes on the way. if the daily, 4hr and 1 hr momentum is pointing down and trend is down we would have seen the last bearish spike about 200 pips . but the trend is bear and it's a slow trend towards 245. when you check tommorrow and if the momentum is pointing down .. thn we will have a good shoot down tommorrow.