$525 will be the sixth strike they have taken it down from that the $551+ high of the week!
thanks David, for your constant honesty and input
I think all the calls are fresh and the puts are stale, might be sub $525
It's a pull, not a pin
if the biggest of the big boys need lower, they will force it lower, regardless of the max pain.
Last week, we closed higher than max pain, max pain held it down,
Right now the max pain is holding it up!
I must admit this rebound has been impressive.
Look at that V shape bottom
But how many disappointments have longs had the past year
I was just replying to the post above to pay more attention to any technical affirmations over the same news stories regurgitated over and over
That's why the technical Chartists do better than the fundamental traders
I believe their is a ceiling around $547 which it could not get through last a Friday
So do we get a gap up tomorrow just to fade some more ...?