Fri 25 Jan

2013-01-17_dow-futs-BS DOW futures mid January 2013

This is what buy support looks like.
Recurring buy support exacerbates market crashes as shorters have
previously closed their unsuccessful trades and may not have new
positions when longs start selling en masse.
The upward support provided to the market when shorters exit their
trades (ie closing their shorts by buying) is thus absent or lessened,
resulting in a more severe market drop.


I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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