I think we see the dollar test perhaps this week a
Post# of 1629
I think we see the dollar test perhaps this week as well; but it's very much a dart throw. It's a difficult call to pinpoint because I don't have level 3 quotes. But, at some time, this short pressure to sideways trade the stock is going to have to cover, in my opinion. That cover is what brings us to the dollar marathon. I think they'll do it sooner than later, but the window of safety for what I believe is the process I've been seeing, is pretty wide right now. At the same time, the more they allow a base above .80, the less able they will be to shake shares out with short pressure to sideways because a base builds confidence on the retail side of things. When accumulating the cheap shares from weak hands becomes more risky than it's worth, they'll be forced cover it to the institutional buying levels. I doubt they'll go with the option to drag it down in hopes of a panic sell. I believe retail will just eat up all those shares, making it too risky. MMs know that. That window is passed. They would need to ride on new negative press issue, but I don't see that happening.
We start seeing that dollar print, the train will have already left the station. After the pressure cooker is at full capacity, they're going to want to have a much higher plateau to short from anyway. Just a matter of time, imo.
This is all just my personal speculation. I'm not trained to give any investment advice.