broken out - short covering, page-27

Zzup28,LuckyV,

What an interesting and predictable day today, you see other traders got shaken out badly and got out at the wrong time only to see sp finished strongly.
It was a good day for QBE indeed with the instos not selling and more weak traders got shaken out and new ones coming in and wrong stops got hit well as you said LuckyV you are forced to buy back and so others too but don't be mislead it is getting stronger again, damn it hey it is not easy again FEAR and GREED.
They tried to pass 22.21 and got to 22.22 but did not hold
but it is a matter of three times luky and in the third time this will pass easily and technical moves will support it further.
QBE is now forming a consolidation phase and new strong base to build on new highs.
The absent of big sellers today has confirmed that selling has stopped, yes sir selling from big instos now what will happen is big instos will start buying in again when it hits certain technical level that they are comfortable with
Ladies and gentlemen the fun is about to begin but at 23 some people again will get shaken out.

Cheers,