Markets have been wild. I would agree that's a nasty candle but with institutions now playing the market we are at their mercy. It's jut like stocks they can pin markets or move them a few % in a day. The big guys have all the money and we are just along for the ride. I would make my bets on what's going to cause retail the most pain. With the amount of leverage that was cleared out I think the downside is a bit protected right now.
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I'm hoping you are right! Not ready for sweating depressed prices yet.