short observations

A few observations from the market movements last week based on volume ,market direction and disclosed short changes which makes interesting reading from last weeks numbers



september 5th disclosed short 63.2 million ,volume lowish at 28.9 million ,allords closed 4224

september 6th , 47.4 million disclosed short,volume higher 40.2 million for the day ,all ords closed down 4160 some shorts closed out

september 7th ,62.7 million disclosed short,(back up from yesterday) volume 30.9 million all ords closed 4262

what does all this mean? I really have not picked the patern
the short players are continually testing the market for momentum in either direction.

A lack of news has not provided an event to force the shorts to cover and with the sad state of affairs on a macro level we continue to see the same trading patterns as we saw today.

summary shorts clearly in the drivers seat until we get the approval process over the line.if we get the approval process over the line and the trading patterns do not change then we will need to reassess the valuation metrics of the stock in the short term based on market sentiment

have added to my position this week