Covered short LHG7 @61.50 today. Had targeted break of 61.00, but risk not worth taking. Appears low may be in place....am respecting any reversal signals here. EW pattern projects fast move to 68.00...also believe cash made important low at 55.00 on 12/20
Some decent downside action today. It will be interesting to see if we can mount an attack at .6000 and if we will have the strength(weakness) to break through. Price currently .6090.
Didn't take too long to get the answer of whether we would test .6000 did it? Now the question--How many times does it hit before it breaks through or does it break through at all? Staying short ---
b1s2, it's hard for me not to see LH setting up for a bullish run..... Are you sure you want to stay short ?