Cobra wrote:seems a strong close we'll have. bears still dare not to hold overnight which is not good for bulls.
Hi Cobra,
I'm a new member. Can you please explain a little why bears dare not to hold overnight is not good for bulls?
Thank you very much!
Welcome aboard!
If no bears holding short overnight, who to squeeze? Bears = Buy, in a downtrend it's often bears' covering helps the sharp reversal.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
You will always see me as a bear, I am bull today.
You see buy on the internals, my version of course.
Thanks Cobra and everyone, another fun day here .GLTA
I'm bearish long term, as well. But short term, I think we're due for a nice little pop. Bought up 120 SDS Jan 18 puts for the fun and games tomorrow thru Friday.
marty wrote:Hi everybody.
Just signed in to the daily forum too. Great job Cobra ! thanks !
Thanks and welcome aboard!
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.