Belaboring the obvious–downwave ends.

Posted on Jun 14, 2011 by in Letters

Power bars like this almost invariably mark the end of downwaves.  Meaning traders who are short will now see their profits eaten if they don't reverse.  It is largely a futile exercise to ask why this is occurring.  It doesn't matter why.  It's technical.  The music stopped and the traders are running for chairs.  Shorts now will be left holding the old maid card.

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