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Enoch Root · 03-07-2016, 01:56 PM

I have always hated 'short covering' as an excuse to explain market activity. So lazy. It is true only a tiny fraction of the times it is sited.

Oil has been rising steadily for 3 weeks, after putting in a pretty emphatic double bottom.

There may still be a few stubborn people covering shorts out there, but to suggest they are what's moving the market? No.

03-07-2016, 01:56 PM	#1861
Enoch Root Franchise Player Join Date: May 2012 Exp:	I have always hated 'short covering' as an excuse to explain market activity. So lazy. It is true only a tiny fraction of the times it is sited. Oil has been rising steadily for 3 weeks, after putting in a pretty emphatic double bottom. There may still be a few stubborn people covering shorts out there, but to suggest they are what's moving the market? No.