Hi Takuan,
I respect your view totally, going against the flow could net big profit, but also could lose plenty. You may feel comfortable shorting at these level. Most of the shorters are, but if the DOW rally tonight, and jump 2%, then Tuesday jump another 2%, lots of shorters will be covering their shorts, and our XJO will get to 4,000! Once this last bit of (non believer/shorter) start to cover their shorts, this rally will then can move on.
evil monday, page-56
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Last
7,750.7 |
Change
-16.800(0.22%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,767.5 | 7,767.5 | 7,710.3 |
| XJO (ASX) Chart |