Replies to post #40897 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[kamakiri]

Yes,more the former than latter.Both possible, but profit taking more likely in general, IMO.Weeks like this have more potential to be the exception, and *may* have a bout of short covering.

Looks like today has been more about covering than profit taking, but with this little movement so far, it's hard to tell. Next 39 minutes should tell us more!

[toomuchmoney]

Shorts will drive this down to the dirt then cover (if they can and they usually almost always can and do) they are a beautiful group of players and thieves, no trader can beat them, the skill is reading them

I really like them, without them there be no toomuchmoney

;O)