Maybe overly optimistic on the bottom. Might close my short from 629 in the low 600s.
Comments
nick.stoneman.5
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Kudos for the timing! On your chart you expected a low of 555.74 at 03.00 2014-03-21. The low came in at 578.1 at 02.46. Well done on the timing and the track of prices for the first 2 and a half days. Where do you see the price going now? I think it's testing resistance at around 605 and will head down again to make a decent low (400 to 550) before bouncing then slowly climbing again until accelerating in mid-April to late May. But of course price can do anything. I'd be interested in your thoughts.