GREY:ALXDF - Post by User
Post by
goldopportunityon Aug 23, 2017 5:54pm
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Post# 26614384
Fwiw.......
Fwiw.......Alxdf closed at usd .05 = cdn .0628 (boc 1.2564 close)
Yesterday I said:
"In most cases when you have a full candle that closes at the low (or high), more often than not the next day sp will not exceed the previous day's closing low (or high). Of course, there are sometimes exceptions, but generally traders count on this little secret when they trade towards the close..."
I should have added when there could be a benefit to retail, the sp will default to the whim of the mm idiots. Hence, we started the session with a manufactured opening down gap which was just a blatant fake out intended to incite selling. But no retail was stupid enough to sell. So a game of chicken ensued for 4-1/2+ hours. The idiots blinked, market forces kicked in and sp jumped to usd .05.
Bottom-line:
Today we had an outside low/inside high close with a full candle. So tomorrow I would think sp most likely will open under .05, where we'll toss around a bit and play chicken for awhile. Meanwhile the strong legitimate asks will be solidly above .05.
Predictably, I would still expect the mm idiots to start the day holding back their bid #s and place them maybe a titch lower than where they closed today. They just can't let sp rise as long as there is a (very slim) chance some retail sucker sells. They'd rather cross trade, etc than give in to an inevitable rise in the sp. It's just not in their dna.
But this sell bias mentality is about to dramatically change to an even stronger buy bias. In the very immediate st, we can look forward to closing the down gap to .054. And those beautiful staggered asks basically telegraph that alxdf's sp will soon be in play. All you have to do is sit on your hands (and buy). Stand your ground. Jmvho.
p.s. who in the h$ll let that jamesrkirk poster out of the insane asylum??? What a looney-toon! I just put him on ignore now, along with ggrellette and m2.
goldopp