$MU Retail investors are still waiting for a pullback; big money has already moved—bulls are flipping long in droves, and I’m pinning down the direction: only up. On the account side, the long ratio surged to over 30% in more than seven hours; on the position side, net longs are more than half, the long/short ratio is above the equilibrium line, and they’re still adding. In contrast, across the whole market, retail investors’ long/short ratio is still below the equilibrium line—this game is being driven by whales. Those cutting losses and exiting now are just handing a knife to the big money that has just flipped long.