Originally posted by Jadis
I think punters are aiming for the gap close but it feels like they've run into a belt hold.
You are probably right but still I can’t help but find it amusing, perhaps a thing of gap believers doing the “we’re right you’re wrong” thing to validate this particular TA theory. The way I look at it if the SP has to touch 2c to rebound then what’s the point of selling at 2c and even 2.1c for that matter?
Unless selling for “manipulation” purposes and you are also the same buyer sucking in naive sellers with you.....
I noticed a full bullish posts questioning the gap theory and bang a dump follows shortly after.
I’m a park and ride type, like I said amusing......
