GREY:MDCGF - Post by User
Post by
wizwizon Jun 21, 2011 10:19am
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Post# 18743321
Range Bound Manipulation
Range Bound ManipulationMDG has been range bound since noon on 6/8/11. It has been moving between .52 and .55 like a wave. Almost like it was trading algorithmically. Take a look at an hourly chart. It is up for 2 hours then it is knocked down for 5 hours and the pattern repeats. It never moves up more than 2 hours in a row before it is brought back down which is why it is not breaking out of
.55.
WizWiz