Has anyone tried to analyze what these short down moves are trying to accomplish? It does not seem to be to just suppress price as it always bounces back fairly quickly.
What is the underlying motive then? Just trying to learn.
What is the underlying motive then? Just trying to learn.
Either profit-taking - which is the case for buyers after April 12, or stop loss - which is the case for buyers above current prices. In the first case, the motive is to realize a gain in dollars. In the second case the motive is to prevent further losses. I do not impute a manipulation motive where greed and fear are sufficient.
Well said, I think I am getting it. Thanks
