When one considers that over 2m AJX were shorted only 2 weeks ago, it didnt stay down for very long.... it literally went down then straight back up. It took 4 days to be back at the same level were 214k were shorted on the 7th July....
This can be seen as a sign of strength for the market to absorb such volume and quickly recover..... Big players will take note and come to the conclusion that there are people/funds with deep pockets waiting to take their shares if any one decides to sell a large parcel.
TA discussion, page-22
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