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Thursday, March 06, 2014 11:37:47 AM
SHORT DAY INDEED: READ ON
Meaning Bears were having fun holding us below 19s as much as possible. But we all know in the end who laughs last. They'll be putting in the Buy to Cover orders which in fact will push us back into 2s followed by 3s...then BLUE SKIES
the bulls definitely kept us from dropping below 15s.
Volume is 25% lower then Mondays and 50% lower then previous day. This shows me that todays short day was basically very indecisive. If $GDSM was a dump we would've went below 15s back to the trips from open IMO. Tomorrow we can have a possible gap to mid 2s. Or gradually work our way up.
I saw a couple of paints/walls that shows MMs also had a part int= todays shenanigans.
Well be going up from here IMO.
Short Day Candlestick example image from StockCharts.com A short day represents a small price move from open to close, where the length of the candle body is short.
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