Looking good this morningFor longs and overnight holders anyhow. I am sure some would like to see this back into the low 30's to add or get a position(and of course cover a short) . Don't expect that to happen given events ahead. The Dow on a roar also , 100 pts over yesterday close at 17569, . I also see this morning, my margin increased on the CXR position. Anyone else seeing this?
... Looking more and more like those 9 million shares traded on Wednesday, was major short covering and nearly 5 million yesterday. Would expect this to get down to the 1-2 million vol average soon. Guess it depends on how many are still short from 117 a few weeks ago. 50% retracement is still at $71.00 on this 117-25 , 7 week move.