Looks like the move down is running out of steam technically.   There is a bullish divergence at this time but there are a lot of resistance on the way up but if one strong move makes it burst then there can be a lot of up movement fueled by short covering.  I am pretty much in but I have stops on everything of course so I suggest that to everyone as well.  STOPS.  Don’t make them too shallow but at reasonable places because you can easily be whipped out but be sure to adjust them upward as you profit.  Don’t give it back because for sure traders will always take it if it’s not protected.  So good luck people.

Disclosure: Long: ATHN, FCX, RIO, PBR, MS  Short: None

UP UP AND AWAY!!!

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