Either a natural correction after such a hectic run, or possibly a strategic move to lower the buy-in price through short term shorting. Nothing quite like a sharp little decline to rattle the cage of those who purchased near the last top, assuming it would continue upwards...
Chinese have been buying at around this level. Will be interesting to see over the next few weeks if they continue.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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