Thursday, October 03, 2019 8:11:58 PM
One thing for sure is that the short interest is high here but my feelings are that until all these companies get their ducks in a row, the drama will continue. If my gap charting would have been applied then a purchase @ $33 would have been applied and I would be disappointed at my entry. Seems to me that one stumble from just one company affects the entire sector which this ETF basically invests in. This is a tricky one to read because no matter how confident you are in your charting abilities, one headline will make you unsuccessful.
So here we are, a more normal trading pattern instead of the old down in the morning / down for the day pattern we have become used to for quite a while. John CM said "need another green day" but I say need the companies to act like companies. This isn't a hobby.
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