No smart trader would short here.
Yep, the market can go lower BUT unless this is a crash it is poor odds.
You hold your shorts and add on a bounce.
It may be that a bounce is more than a bounce, but that is the risk you take.
The impression I get is that almost everyone is short. That is not a great position to short.
Yes, in the middle part of a move, the consensus can often be correct, but poor odds IMO.
maxi's - do me, i'm famous - thursday, page-99
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| XJO (ASX) Chart |