So MFI hit oversold this morning as the gap filled, so I figured we'd get a bounce....
but it looks like hedge funds sold off every algo pump and MFI totally flatlined at the bottom.
How do I know hedge funds were liquidating? Crap like FCEL went green because they close their short positions when they close their long positions.
Yeah, I got a little stupid and lost some money today, I tried to warn my followers in my comments not to go long today, sure enough market sold off EOD.
I think it's time to do chart pattern short plays. Will let you know if I see anything good.
but it looks like hedge funds sold off every algo pump and MFI totally flatlined at the bottom.
How do I know hedge funds were liquidating? Crap like FCEL went green because they close their short positions when they close their long positions.
Yeah, I got a little stupid and lost some money today, I tried to warn my followers in my comments not to go long today, sure enough market sold off EOD.
I think it's time to do chart pattern short plays. Will let you know if I see anything good.
Note
If they gap the market up big on open, I'm shorting it. I don;t think hedge funds are done selling.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.