Hey folk
We see a upmove today. Fantastic???
But if you are still long, i think you might have trouble soon.
Yesterday we see Dow going down by 117 , the Emini s&P500 down about 12 points. Today, alot of people will think that is a down day for Asia. So lots of people would want to cut lost or start to short the market.
Here the big boys come and play with us. They decide to lift the market up today, people whom want to cut lost may hold back, people whom wish to short or started shorting would also hold back or caught by surprise. And when retail investor caught by surprise they start to be confuse. That the big boys intention.
If retail start to sell, someone got to buy them. Nobody can continue shorting if everyone start to sell. I think this is a setup to trap retail investor. This is the psychology part of the market.
Technical indicator, volume also tell us that the drop is not over, so if you are still long, please get out.
Nth is 100%, i may be dead wrong.Having said that i am not staying out of the market.
