yea in that same topic, LABD looked over bought from 65 when you see that it was just 30 last Thursday
Thats true, can stocks drop straight down, sure they can, but I think the biotechs had a big swing down recently... now Im not saying that the drop can't continue, of course it can but Im playing it for a bounce to the upside....a 10% bounce at least in that sector then Ill go in short.
again on that same topic..lok at GUSH..I doubt it drops below 9 in the short term and looks to be on the move up abet not nearly the speed of LABU
lol...almost every day it's the same thing...some ridiculous spike one way or the other...I think that alot of it is end of month positioning (squeezing somebody) in a big way.
the inventory numbers came out - the equivalent of non farm payrolls for CL lol edit: there was almost a 40x difference between the expected and actual numbers
yeah, if I remember correctly the massive spike at the end of August put this latest move to shame...I've never traded a CL contract in my life, so I'm not privy to the rolls into different months, etc...but I believe alot of big squeezes happen around those times as well.