Originally posted by Mutley8
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......
My observation of today’s trading we have the gap non believers, using the gap theory to their advantage, parked at 2.1 soaking up some cheap shares waiting for the gap believers and strung out traders to sell into them. Meanwhile the accumulator, someone biggish, has jumped us all and soaked up the sells at the midpoint.
Lets see what plays out in the next few days.