GREY:ALXDF - Post by User
Post by
goldopportunityon Nov 21, 2017 5:53pm
83 Views
Post# 27007225
Fwiw........
Fwiw........Alxdf closed at usd .04995 = cdn .0638 (boc 1.2778 close)
Inside day all around once again. Wierd with the closing chart. Many of the charts show a usd .05 close, but actually we had a .04995 print. So what, you say. Well, that .00005 diff means technically the closing candle shows an upper tail, albeit a teeny tail. But a tail nonetheless.
Translation: technically the sp will go higher tomorrow. How much higher? I dunno. But I can tell you that if there was no tail the candle would favour another inside day. But that tenny-weeny tail makes a big difference. The mm idiots are pretty smarts guys. They're experts at painting the close. The last trade was a minute and 5 sec before the session ended, plenty of time to tweek the print if they hadn't wanted that little top tail. Btw, the mm idiots are also experts at technical analysis.
Bottom-line:
Something is up. That decidedly buy bias I pointed to earlier, along with the technically correct closing candle, would suggest to me that we have an up day tomorrow. Could we only go up to .05? Sure. Technically, that would satisfy us having an up day. But unless I'm wrong, and the teeny upper tail was just an anomaly, the odds would seem to favour a push past .05.
So we'll see what happens. Exciting times just ahead. Stand your ground, folks. Jmvho.
goldopp