Possibly, and I'm hoping we see it again. However, I'm just not getting too excited yet. I'm as long/strong as anyone here, but the "norm"/"pattern" we've been held to for the past 6+ months, has been very consistent regarding the "short interest settlement dates." I believe yesterdays action was more of a direct result of settlement date (run for cover), than it was anything else. Also, the norm/pattern has been very consistent regarding the chart/RSI. Each time the RSI gets close to O/S, it magically sky-rockets on negligible volume.
For example, at yeterdays open, the RSI was sitting around 31.8. Then we traded only 22M shares all day, but the RSI jumps 14 full points?
Just pointing out that we may not want to get too excited just yet, as I believe we still have a few rocky days ahead of us. All good though... Our is coming..
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