Here’s my view6 Dec 2018 15:21
Markets are all down a bit today. However feel MM’s were actively yesterday and today seeking to drive this lower because
1) There’s not many shares in circulation
2) Transformational timed news on the near horizon
3) When this moves it moves quickly as we’ve already seen this week and last
4) MM’s know this all too well and are simply prepping for big hikes - explains the NT in auction can’t sell then can’t buy strategy and thwarting day traders.
5)Lay the foundations now and prep yourself for the rise - this is a great entry point imho!
Nothing has changed. The SP is currently undervalued and we & MM’s both know it. Traders are here and will go with this as and when MM’s decide to let it go. I for one will not be out of this because news could drop at any time and much more likely this side of Xmas imho.
GLA