All my life I have heard that if a stock goes up on heavy volume and down on light volume, it is in a bull market until that trend is violated. Look at your daily volume candlesticks? Volume is still on the up side
Why would you short anything in a bull market, the easy money is made on the long side when 90 percent of the stocks are going up, even some bad ones. Save the short days for a bear market and for now, ride the bull up. I just can't see the logic
you can pretty much assume the selling is over, they ran stops and accumulated all they can. Its the way mutual funds and big play players make their money
. Maybe also, just the shorts jumping on a iffy stock, short a ton then cover, they let it go back up again
These ups and downs are part of the game with the big funds, they drive the prices. Anytime you give in to their manipulation you lose your opportunity to make the big upward moves. I got shook out of apple, priceline, amazon to name a few. If you don't hold you will never hit the home runs...