I was watching a lot of trades go through in many different
stocks. Almost all of them were tagged w short sale, so even
at the end most all of it seemed to be short covering, likely
anticipating a well earned bounce into a wave 4. That's my
take anyway.
was the Capitulation???
Posted by zach06 on 9th of Aug 2011 at 04:04 pm
The first part of the day seemed like Short covering to me.. but after the FOMC minutes the rest looked like actual buying?
I was watching a lot
Posted by johnc on 9th of Aug 2011 at 04:42 pm
I was watching a lot of trades go through in many different stocks. Almost all of them were tagged w short sale, so even at the end most all of it seemed to be short covering, likely anticipating a well earned bounce into a wave 4. That's my take anyway.
How do they tag an order with "short sale"? I didn't
Posted by zach06 on 9th of Aug 2011 at 06:41 pm
know they can do that.
massive momentum killing coordinated intervention after
Posted by steever on 9th of Aug 2011 at 04:06 pm
massive momentum killing coordinated intervention after the fed statement and the resultant short squeeze. . the trend is still lower.
where did you get that info from?
Posted by zach06 on 9th of Aug 2011 at 04:09 pm