Looking for reaction at -0.618 in this uptrend
Run up build on stacked trapped shorts upon trapped shorts that are forced to pay top dollar.
Makes for a pretty bad structure but as long as sellers drip feed the trapped ones, why expect a change in this period of book markup?
Sorry shorts, you have been used and abused all year long.
At this point, looking for some liquidations in the small to, believe it or not, entice more shorts to keep on learning their lesson so that we can get more guaranteed buying when they all realize there is not enough supply and they then have to claw back in despair for the profit of the assets gatherers...
What a game...
Makes for a pretty bad structure but as long as sellers drip feed the trapped ones, why expect a change in this period of book markup?
Sorry shorts, you have been used and abused all year long.
At this point, looking for some liquidations in the small to, believe it or not, entice more shorts to keep on learning their lesson so that we can get more guaranteed buying when they all realize there is not enough supply and they then have to claw back in despair for the profit of the assets gatherers...
What a game...