Post by
BSdetector2016 on May 08, 2024 10:24am
Is it a good sign?
The market boat anchor today is Shopify, otherwise it's a pretty good day. My gut feeling is that the Shorts are waiting for the other shoe to drop (massive fine news, whatever) to collect their gains. Right now their strategy is not working as the stock has been making higher lows.
Comment by
BSdetector2016 on May 08, 2024 12:25pm
I wasn't specific enough; I meant since the big drop, so on a daily basis since then. Normally you see a "sell first, ask questions later" reaction, followed by buying, then a down-trend resumption. In other words a dead-cat bounce. We haven't seen that with TD yet.