as ugly as this candle looks right now, i would NOT short it here. The selling in it thus far look very organized and smart. I could see it reverse higher later and tail off.
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Thursday, March 19, 2009
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2 comments:
umm. nevermind that. the exhaustive gaps are playing real nicely higher. Smart reversal at a logical spot. This should be the start of a correction of this rally.
it's wild to see these garbage financials soar like this over the past few days. WHY? just plain speculative money(probably hedge funds) giving the shorts a run for their money and reeking gigantic percentage gains. Just like a mini tech bubble in low priced financials.
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