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This is going to be fun for Monday....shorters running to...

  1. elit
    13,316 Posts.
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    25/08/12
    10:39
    Post #: 10622631
    This is going to be fun for Monday....shorters running to cover...after nice green dow

    Classic accumulation play and shorters trap as shown by OBV and MF indicators. Watch the shorters panic and cover s big boys set this up for big upward thrust Monday.

    Got to love the big boys mastery, with stacking on sell side and accumulation. Would have attracted shorters like a magnet. Poor bastards. Pattern on the 2min chart was the clue for me of the trap they were setting. Whales easting the fish frenzy.
    BDR Price at posting: 82.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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