One Trader Talks Commodities Carnage, A Witching Hour Reversal, And More

“Stopping after slicing through, but very near, significant lows from last May, September and November. What is one trader’s, “this thing is never going to go up again, so sell any bounce” is another’s, “wow, did you see that quadruple bottom?” The fact that the rally happened almost simultaneously with the Salem, Massachusetts witching hour will certainly get the attention of market forecasters who use methods other than strictly orthodox technical analysis.”

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