The dumb money shorts are fearful now.....they know the man is taking the fight into their court. Good to see them posting......says there is still plenty of fuel for the fire.......and I want to see high volume today.
The "composite man" (CM) as Wychoff called him.......the aggregate of big-money players. The CM accumulates or distributes within trading ranges and when ready uses news to initiate a mark-up or mark-down. Then he is done. The funds and specs take it from there on a mark up or mark down.
Today's pivot is $6.55.....near there....a good place to buy.