But why are we moving? Short covering? Maybe a little. But it would take what? 12 days of average volume to cover current shorts. Short covering will show a huge shift in volume, won't it? So what is this all about today?
I'm just hoping this isn't a sucker bounce.
I haven't averaged yet and I'm not feeling the love for averaging just yet, I would like that nine day ma to cross back up over the 14 day ma first even if that puts my average higher. Seems more positive and a bit safer and I don't mind coming in strong once that happens but I'm outta here when I go positive.
I'm not into losses. :)
"It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness;
-- Charles Dickens