Replies to post #41930 on The TradingEdge

[jxyzobrien]

short covering
probably over

[jxyzobrien]

short term markets
often trade on whether too many traders are long or short
I was ready to short at value area high.

Then i remembered the shadow trader line
"the more times at bangs off a resistance and stays there the more
chance it will bust thru."

did i expect a rally to value area high NO. But i was not shocked
when i saw ticks hold up

anyway markets often figure out how to do the most damage and trade
that way. Now its hanging at value area high and tics look good and
breadth too.