Saturday, October 31, 2009

How much Pain can the short & medium term traders take ?


We have reached a point where most short and swingtraders are sitting on loss positions and seeing the Volume Spike in the last 10min on Friday supports the notion that we are close to some collective position exiting. Don't underestimate this risk! We are close to a meltdown unless we see some heavy bullish action on Monday morning !

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