Loading ...I agree we are so overdue a bounce….but we have just seen the mkt fall 6 bucks on NO news and that is after falling 100 bucks in a straight line, in barely 8 sessions.
No normal mkt would not have had at least a counter trend bounce by now, that we haven’t and that they think it necessary to sit on it down here, tells me that the computer systems will not “allow” any bounce. They are clearly empowered to sell what ever is bid. Friday saw an SM ramp, with Au clobbered, yet ystdy we saw the SM weak but Au could not get off the floor…etc
I have never seen a mkt “trade” like this, there is no two way action at all, consequently if the lows go I fear we could fall to any price…… The one hope is ystdys Key Reversal in the Shares .