Thanks Bob. Another very clear explanation just like TG. As they say, trading is 20% technical analysis and 80% psychological. Being a black/white personality type I have found it very hard to pull the trigger on long positions. I am hopeful your watch lists where you set price targets will give me that extra bit of confidence to pull the trigger on long positions.
It is just a ratio that is found by dividing the reported short interest by the 100 day average volume. If only shorts were buying and the all covered that is how many days it would take them to cover. A number less than 5 probably won't have much influence. 5-10 and a catalyst should add momentum to the move. Greater than 10 and a catalyst - let the fireworks begin!
Kenji - Yes, but that and the soft makrets made me more quicker to sell. Except for the last piece which I had taken most of the risk out so I let it run.
Thanks Bob. Another very clear explanation just like TG. As they say, trading is 20% technical analysis and 80% psychological. Being a black/white personality type I have found it very hard to pull the trigger on long positions. I am hopeful your watch lists where you set price targets will give me that extra bit of confidence to pull the trigger on long positions.
It is just a ratio that is found by dividing the reported short interest by the 100 day average volume. If only shorts were buying and the all covered that is how many days it would take them to cover. A number less than 5 probably won't have much influence. 5-10 and a catalyst should add momentum to the move. Greater than 10 and a catalyst - let the fireworks begin!
Kenji - Yes, but that and the soft makrets made me more quicker to sell. Except for the last piece which I had taken most of the risk out so I let it run.
Thanks Bob
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