As much as the lunch hour felt like an ugly whipsaw, and the morning an obtuse trend day, come close the NASDAQ left a very clear footprint–the old long liquidation.
A long liquidation is just like a short squeeze only you flip it over, or “fun-gu-la” as they say in China. We printed a lowercase letter b on the daily profile.
When you use my hand massaged profiles you see a slightly different picture–two nicely shaped humps, and we are nestled right in the middle of them. Check it out:
If I was a degenerate man (I most certainly am not) then I would stay up tonight and trade these price levels. GOD WILLING, they remain untouched come morning when a more dignified gentleman such as myself can lean upon them for gains. Nevertheless, I bequeath them to you, the unwashed masses, for the betterment of the trading class.
If you enjoy the content at iBankCoin, please follow us on Twitter
