Some of us are playing the swings. The last couple of days have seen a slight reduction in the amount swing trading. {More volatility is desired} The thing is whenever it gets sub 34 you have a buying frenzy. So I don’t see "tankage near" and it hasn’t been in the 33's in over 2 days. What I can say is the trading range is narrower and the volume is slowly decreasing. If the M&M's get it into the 33's I think you'll see that the swing crowd return.
In addition most LTL's have removed the stops or repositioned them out of range of the recent bear attacks. So a cascade effect is less likely than ever.
I for one will be buying if I see an attractive price appear and any news, I mean any news and throw these ideas out the window.
Woops gota go looks like nows the time.
I could be dead wrong but that’s my take. This is not a solicitation to buy or sell. JMHO
Of course the bullz pull thru. This is a bull story just now unfolding. Unless you are a daytrader, of course, always chasing the tape. This old bull will wait for the tape to come to me.
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