the dow was down over 300 points initially which is a great sign for a recovery...
why? because its a classic bear trap.
the turnaround was sudden and swift...600 relentless points.
many shorts would have had to cover, or more importantly, will have to cover soon.
this should give momentum for the rise to continue, at least in the short term.
if CVI has an announcement in the wings, now is the time to bring it out: -many have cash ready -this could be the start of a major recovery (or a bandaid on a broken arm lol) -the market mood is showing a change to positive
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
