This type of news related decline rarely means much after 3 days. With the TRINQ barely cracking the 2.00 mark there really wasn't much fear in the sell off so we could see more selling. The extreme LT bullishness should have signaled a top last month and the rising prices on lower volume should be another nail in the coffin. I was still "all in short" and it was a bonus day for the shorts, but the VST says the bulls won't let this slide off the charts today and I covered some in the AH. But don't be fooled by the bounce today, this is the slide before the slide. I'll be all in short again by the end of the day.
Looks like my gold callis going to come up short. I called gold 725 in Feb. and it looks like it will take a few more days.
The sell off before the sell off
Started by
2cents
, Feb 28 2007 06:08 AM
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#1
Posted 28 February 2007 - 06:08 AM
My opinion isn't worth the HTML it's written on