As FKLI cannot break the support at 923.0 and time passes by, more and more traders are eager to get out of their short position (like myself), they tighten their stops.
Naturally, all the stops were triggered all the way to 928.0.
I was in yesterday at 924.5 and got stopped out at 926/926.5. My short setup is not based on MACD cross down.
Wednesday, February 08, 2006
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