SDL 0.00% 0.6¢ sundance resources limited

new charts , page-83

  1. 773 Posts.

    Hello SDL group!

    I held on to my share and the Dow increase means short squeeze for short sellers. I believe the consensus had been a correction at 12,400, and this increase will squeeze a lot of short seller, propelling the market higher.

    A very hard market to predict. I often wondered if T/A has become an indicator for market consensue and a play against it will bring more profit and perhaps creating more volatility in the market.

    Lucky I have limited knowledge and usage of exotic instruments such as options, ETF and warrants. Just imagine this move and how much it can decimate your capital if you are in the wrong position.

    We do hope for a good trading day on monday.

    superOX
 
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