Wrong again
NP collapsing in a heap, 5.55 is now a dream , looks heading back to under 5.00 very quickly
http://www.*****net.com/charts/metals/base/t24_nk180x150.gif
As I predicted, shorts are looking for 3.45-2.55 base and today it was all done on the open with shorts smashing it down 9c at open and then again at close. The short interest is very high and now they are winning expect more of the same.
We may see $2.40 very quickly as the longs get trapped on the NP retrace. Longterm the US inflation at 1.7% is anemic and the US$ weakness trend must continue
but the next weeks we may see WSA get smashed downwards toward $2.00 yet again as you can see short holders/traders like @kathy100 & @Bobbieb and others are openly exiting side door left under the constant pressure of this short selling feast.
Im waiting for the selloff to stabilise maybe next week with a good buy in around $2-$2.20 if it can get there, the shorts hold the floor, lucky I didnt buy on the hype upwards.
Stay counterintuitive may work here
When its all green sell
When its all red buy.
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Wrong again NP collapsing in a heap, 5.55 is now a dream , looks...
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