Last week, I was suspicious about the recent strong rally about Cosco and blogged about the Luring Activity created by the big players to catch the bullish public. Today I finally saw gargantuan shorts being put out by guile players which would of course annihilate all bullish symptoms. The range 2.34-2.38 price is not only where the resistance lies, but also an area where big players are targeting to put out shorts. It hit a high of 2.39 today before draining all the way down to 2.29. If i would rate today's bearish action, i would give it a 85% because most of the late bulls who bought at high would probably start to panic now and that's the real motive of the big players.
Ronald K
