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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Last
8,176.9 |
Change
-28.500(0.35%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,205.4 | 8,223.5 | 8,164.8 |
| XJO (ASX) Chart |