i reckon this move down is just so that big money can load up at cheapeer price and drive it to 1.6.
last week was tight range and high volume so i thouht there was background selling but as we saw the last 3 days up moves were on large volumes which means they are buying. so im really inclined to think that news just helped big money to shake out weak longs and buy at discount price.
last week was tight range and high volume so i thouht there was background selling but as we saw the last 3 days up moves were on large volumes which means they are buying. so im really inclined to think that news just helped big money to shake out weak longs and buy at discount price.