Good call, McDuff.
And to follow that point up, just look at the current market depth. At this time of the day each and every trading session this year, there was a flood of sell orders coming in with large volumes. This morning, the depth looks very thin - almost anaemic.
To me, the action will start off very slowly and then start building up by mid morning. A few of the shorts may start to get a little nervous by around lunch time if the volumes have dried up. I'm calling an afternoon run - today!!!
GLTA
12 consecutive trading sessions without a green candle, page-8
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