InvestorsHub Logo

camk

08/07/13 7:28 AM

#40220 RE: High_Profits #40219

I personally wouldn't be surprised if at least half of what we have seen to the upside has been short covering.

Deadly Shochu

08/07/13 8:19 AM

#40222 RE: High_Profits #40219

I've lurking for the past two weeks on this board. There are some sensible people here who understand the dynamics and psychology of the market. As tobin said earlier, there is definitely accumulation by the pros at current levels. The yearly chart tells all. I particularly like that the MACD and ROC are rising steadily but not spiking like they did in the Oct 2012 surge and short party that followed.