OTCQX:PALAF - Post by User
Post by
Tooton Dec 18, 2008 1:02pm
1059 Views
Post# 15654587
Today reminds me of
Today reminds me ofof picture conjured up of a person standing all alone in the middle of a field shooting gophers.
Level II is a parallel to that picture... (referring to level II, there is nothing above the ask that suggests panic) but the guy shooting gophers, (an iceberg at 2.03 and 2.02) just keeps shooting, and he has them running, in fact they (the gophers) are hiding. (I have a sneaking suspicion they are eating prairie grass just inside their holes) Still, he keeps making noise. It really doesn't make sense.
Random public trades don't concentrate like that. ....This is institutional. I would think institutional traders would have more skill.
It brings up the question that if they can see level II as well as I can.. it would be apparent, if they would stop shooting gophers, the price would rise and they would get a better stand as the gophers came back out.
That makes them pretty dumb or pretty manipulative. i wonder if there is any percentage in manipulating gophers. LOL. Thus if we assume they do have skill then .....
When using level II, be careful, it is a tool that can be used against you.
Of course this presumes that this is manipulation, but I have to call it as i see it. If something doesn't make sense, keep eliminating the clues until only the obvious is present, and no matter how obvious it is. it is likely the truth.
I mean the level II suggests that this selling is an iceberg and it tracks like one in any TA I do.
Unfortunately, gophers will be gophers and there is nothing one can do until the shooter pulls out a cigar and the fat lady sings.
Buy the dip! IMOP the trend is shallow but it is still up within this ranging move and a breakout is imminent.
I should caution you though ... I don't speak for gophers.