RE:observation of this weekwell,i think i got my answer
GeoEngineer wrote: the volume has been exceeding the average daily volume everyday this week,
seems like some sort of floor was intentionally maintained at 1.04,
the gap between the intraday high and the floor is closing 2 cents everyday day,
if the pattern continues, today the price range will likely be maintained at 1.03-1.07, with majority of the trade took place between 1.04-1.06
what was the intent of this manipulation?
who is doing the control?
i have no answer.
but i think once this is over. there will be some significant movement on the SP.
whether up or down? it is anyone's guess, but it will be rather significant.
any one of your experienced guys venture to guess what the pattern indicates?