That is what I am thinking as well. The institutions have no intention of letting others ride on ...
csw2002 发表于 2010-11-16 11:03
When folks are waiting for bounce to short, bounce will not come and the market will likely keep dropping, one stage after another. Then when the mass gives up on buying dip and instead decides to join shorting, the real bounce will come and squeeze the shorts hard. That is why the market is smarter than the majority and how money is transferred from the majority to the small minority.
The psychology of the mass is the opposite to what Cobra is capable of doing: 果断地追涨杀跌!
Feeling or prediction is one thing, trading is quite another. Folks who traded (actually, shorted) on the "belief" a couple of months ago that 1040 (or 1075, or 1100, or 1130) would be visited all learned the lesson in a very hard way.
When folks are waiting for bounce to short, bounce will not come and the market will likely keep ...
BSW 发表于 2010-11-16 11:31
It can work either (1) one is a newbie and hasn't been squeezed previously or (2) one has tiny position and can take the squeeze. Of course this is all based on someone willing take intermediate term positions rather than just day trading.
I don't know how much technical analysis you have done but it's not uncommon for the second top to be slight higher than the first top. It's usually caused by stop hunts.
狗仔卡
发表于 2010-11-16 11:22 AM
发表于 2010-11-16 11:27 AM
