From 8:59 to 9:59, this 1 hour provided me a glimpsed of the supply/demand factor in the market. Noble rebounded and we booked profits near the low today and while other stocks were tanking, it gave a clearer picture that the market is still shady until a defined trend is formed. While the V shape rebound in Noble pretty clear sums up that someone is buying and short covering at the bottom, the question lies in how did it happened and why did it happen? I will share more soon. :)
Ronald K -
Market Psychologist -
A Stock Market Opportunist
