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NW Iowa | No, I'm not bearish. I said I don't think they'll drive it much lower---rationale being there's really no fundamental news propping it up right now so they must feel it's "cheap enough" around these levels.
Many argue price is mostly determined almost strictly by money flows. So when so many are holding a short position, the original question was whether or not the boat can lean much farther that direction.
The logical flow of thought would then indicate that they will swing back the other direction at some point. Markets must move in order for traders and exchanges to generate income. They won't let it stay in a relatively narrow range for a long period of time. | |
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Can the boat lean any farther?
