RE:RE:RE:On Your Mark... Get Set...JCSunsfan wrote: Cognition777 wrote: Cognition777 wrote: Here we go...
TKO just broke resistance of $2.32 on decent volume, coupled with a minor positive bump in copper price.
Remains to be seen if it will decouple from copper when copper turns back down or not.
Very good sign, however!
Copper couldn't break through short term resistance at $4.305 one first attempt... fell back and hovering around $4.295 now ... looks like a second run is building... TKO fell back a bit with copper. Still coupled obviously, but I think there is a resistance to selling lest one is caught holding cash overnight when the permit announcement is made.
Any indication that TKO/TGB is being program traded with a copper price formula--just computers doing the buying and selling?
Oh, for sure. I mean if you have a trade block of 2800 shares and there are 28 buyers listed... c'mon, there aren't 28 investors who want to trade 100 shares ($230 each trade). But there are also large blocks - like the one at $2.35 right now with 129,000 shares for 14 investors. Program trading won't likely create average program trading over 8,000 shares per trader. It's a mixture of program and people trading always, but algorithms are built on numerical movements and are easy to see in charts as repetitive cycles; movements influenced by true individual investor sentiment is exceptional to those repetitive cycles and create signals for buy/sell.
you can trade on both movements - repetitive cycles, or the breaks in those trends... that is literally what I'm watching for "Is the cycle (momentum and direction) still in tact, or have investors found additional reasons for optimism/pessimism that are creating an overall change in the momentum and direction.
ANyway, I gotta go have another banana, that was too much thinking for a sterile primate ... ;-)