1. You are dreaming about market will pull back after earning season is over. (cover your short very fast before losing your ***) 2. Whoever is doing this pull down today is doing it in a WRONG day. They also get burn.
i'm referring to today not the recent move up. i have developed pattern recognition algorithms to estimate likely targets which works fairly well most of the time. i don't mean to sound nasty by calling today's high open a "suckers rally", but odds were high that it would not lead to higher hi's. i sold 8/10's my position at 1.80 this morning, and see a nice, healthy consolidation in wstl for a period that may be from 1 day to a couple weeks most likely. from my methods, time is not very accurate and frankly wstl is not the best case for my methods, as it is too illiquid. just saying that odds favor a move into the 1.50's in wstl, longer term up.