RE:re playing the bouncesIndicator wrote: . . . Sugaree, I am playing the bounces and making cheese sandwich plays every so often. Playing with no more than 15% of my cash.
My guess there are/will be small rallies some driven by intermittent short covering as well as at some point, we may get a violent SHORT seller driven rally along with high volume hammer reversal sign on a nasty washout, which might signify a reversal of this down trend.
We can all speculate but no one really knows when this OIL party will comeback, so many factors and competing issues. I will endeavour to re-fill my boots at technical signs of a persistent reversal but in the meantime, it's cheese sandwich bump trades and preserve capital time for me.
So far, this Bear is alive and well and nimble scalpers are making a wage. Shorts are doing quite well !
Good luck!
100% in agreement.