price action, page-4

Ozgem - yes there was conversion, with some on-market buying and selling.

Ms Muffet Buffet - imo worse was in the earlier trades, series of pairs of say '5' at 0.235 with say '50' at 0.230.

Just playing: 100 pairs go through, you've got 500 at 0.235 ($117.5) and 5000 at 0.230 ($1150) - average is now 1267.5/5500 or $0.2304.

Technical triggers are there - average punter rocks up thinking 0.235 is a good top up near support (logical given 52-wk low), sees the sales fluctuating at 0.23-0.235 and 'tops up' at 0.235 or tries to catch the bounce. Then it's sold back to 0.23. 'The Driver' makes $25, punter down $25 immediately. (I know there can be patience there depending on your trading/investment style)

One pays brokerage, one doesn't. Repeat ad nauseum.

Up the amounts, include 1 or 2 panickers, include traders 'mistaking' a turn in the indicators and happy to take the stop loss...

I suppose try to score some at the eod low, then chase the half-cent gap the next morning?

Overall market sentiment glowing recently, post- a good long-awaited ann, good grades, and a steadyish gold price, and we're heading to a new 52-wk low? We hit 0.225 today, and it won't be good.

I'm not too conspiracy-man - I'm just taking a lesson out of this. Out of curiosity, does anyone see this action as positive?