Think the short-side have successfully seeded doubt to the day traders. Think for the best part the close out will come this week. Sentiment traders will want to see this bounce 20% before they start pilling back in.
Any news boost will lead to sharp rebound back to mid 30's where we were pre-Jorc announcement before pushing on through on new positions opening and shorts closing.
Would I buy at these levels (yes) Should you buy at these levels(Your risk profile should dictate that)
"I've notice one or two change on Friday afternoon from deramping to ramping so hopefully a little bit more civilised next week." Lol not sure anyone changing from a deramper to a ramper is going to make it more civilised, there just as bad as each other surely, both are unwelcome, no?
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