$Micron Technology(MU)$ My theory is oversold, but overbought too fast… Do I believe all time highs will happen yes. Until then we are still in new higher lows until further notice. People been arguing with me. Americans took money out stocks, hedges bought it back. Shorts and puts only go so low. As Americans put money back from “4 strong reports” that more than likely altered to be better than reported to ensure confidence. All call options 9 days causing a squeeze. When the put to long ratio becomes balanced towards a new higher expect a possible flip lower of more puts than longs. We short term are in a traders market as geo, election, and “rate cut rumors”. Until these outcomes actually happen then expect a stable market especially to then go long.
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