The previous trends, both the upward and downward trendlines, have failed to predict the price action. I took away everything except my Gann Fan and one reliable trendline.
At this moment I believe we'll see a bounce on the 24th. It could be somewhat jarring.
IF the SEC is not enforcing rules on options trading, what's to stop traders from playing the naked short game for ever and ever until the GME "meme" crowd loses interest ?
Incogniteaux
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@ryanrockit, They are, actually. They've already started to remove vague passages in the rules. And, from what I've seen, these people holding GME have only learned to hold more tightly.
RH really screwed up last time by halting more buys. The market conditions around GME shorts being over-leveraged didn't actually change. All that halting stunt did was show the apes that they should just hold because the big guys are getting nervous.
It's as simple as this: There are more shorts than shares. Eventually, everyone has to reconcile with that. The apes know this and aren't letting go. It takes no effort to hold. All the short attacks have been exhausted. Supply has bottomed out completely (check out the trading volume). The day of reckoning approaches. Nothing can stop it.
remarkableMoth4627
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@ryanrockit, we have not lost interest! This is our childhoods were talking about here! we will ALWAYS BE INTERESTED APE FOR THE WIN 😂🤞💪
competitiveTun9357
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Agreed
Watson47357
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up or down jarring ?
Incogniteaux
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@Watson47357, All signs point to up. Unless the HFs have a rabbit they can pull out of a hat that no one yet knows about or has ever seen before. I say the chances are against that.