Well, that is more like it, but I have banked half the shorts and gone flat. 2 reasons really. Firstly, the half banked was a good amount of money in real terms and this has been an awfully slow consolidation. Secondly, that 2hr momentum study is already looking oversold and if this is not 'the one' then the bounce could be spikey to set up the real one. So, although somewhat defeatist and possibly trigger happy, I am flat and hoping for more, but from higher up. As such, a bounce from the gold 160day FLD would be great but quite happy to bank more shorts nearer the 20/40day FLD combo lower down, if price continues to fall.
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