RE:RE:RE:TechnicalsMy point being that there was no reason why CR went to 1.37, other than that 'the market' could get away with selling the edges of institutional positions to drive the last remaining retailers out of the stock. So the same thing can happen here. And if you buy at 5.50, the prop traders at the institution will be all over that and will sell the edges of their position into the bid to drive the price down until you close your long. The only way to get the price to move up will be if you choose to short it. But if you short here, you'll suddenly see the price back at 7.00 and rising.
The Canadian prop traders know way more about your positions than you realize, and they target you individually (and me).