why should this keep going up
what news should drive it higher
looks to me like a short squeeze
still a lower low today and only toughing previous tops
this reminds me of the day I made the biggest loss of my life (happened this Jan)
I was expecting a drop, got a gap down in the morning (about $.40, then watched the market rally all the way back taking my puts to be almost worthless the next two days up to 42.80, well I sold and switched to calls thinking I was wrong, well then guess what, it sold back down to the low 41's,
I'm still thinking we sell off and go below 38 this week
all I know, is that when prices move like this there is a lot of panic, first all the shorts covering thinking they were wrong, then switching to long as to not miss the rally, and then watching it go right back down as prices drop and everyone bails
we will see, but I'm pretty sure we drop, in fact I am buing more sept 39 puts for a drop before the end of the week
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