Moosie, check out the data under the graph. Less was shorted on the .asx through last week after the one spike last Monday. Besides, it's a negligible amount, averaging less than 1,000 shares per day.
Today's lift through 2100 is a nice 5% bounce. I'm tempted to take a quick profit but instead will sit on my hands until after today's close which will be more definitive.
Monday's are generally quiet on the Buy side, and so if we get a higher low today that will be bullish IMO, especially if again, like last Friday, volumes are high.
BC