... it will be a good set up going into next week ...
Yes, especially if volume ends up at some reasonable level today.
Unfortunately, it's going to at least draw more shorters in, I think, unless we do see good volume today and rising next week.
Dark cloud: buy:sell 1:1.45, 37.21% buys, 53.76% sells and 9.03% unknowns. And this is with a long-standing and often reported error in the ADVFN buggy trades screen software assigning most of the unknowns to "buys".
If we have a typical Friday, unlikely with the Euro and middle-east stuff, we would stay flat the rest of the day.
I'm expecting some retrace though due to the concerns in play.
So I put in a few low-ball buys at $1.29 for small trading blocks. I don't think I'll get them as a reversion to the mean is more likely than a fall that near the $1.28 low. But never know.
Bill
