Disliked{quote} All very good points phoebus but I'm pretty sure you'll agree this game is about timing, and all the more so when leverage is involved. If you've ever been short and hurting you'll know that every waking hour is a nightmare; knowing that a correction should be coming in the next six months is scant consolation when da boyz have your knackers in a vice! At the moment I think it's a coinflip whether we go for a retest of the highs, or whether they just hold it up at around 1680 for a bit of distribution before "the plunge" that many may...Ignored
although 1682 is strong technical short...and we hadnt had correction in 2 years...correction is 10%+ fall from the high and i dont c that anywhere in the last 2 yrs so i dont believe smart money is entering at these lvls at all which can be proved by volumes in the last 10 days or so...and all red candles are volumewise much stronger than buy candles, but hell, i agree what mr boywonder wrote there....