Post by
jailtrader on Dec 12, 2011 9:00am
GHigher volumes
There is, IMO, very little doubt that something is simmering under the surface. The ultra low trading volumes of late has given way to significant increases as buyers try to enter without pushing the price up, not likely to work though. As soon as the volume breaks out of a low trading pattern, such as the one we've had the last few weeks, those waiting for an appropriate entry point will figure it's now or never at these prices and the price will rise, this was evident Friday when we closed off with a nice inverted hammer. I had hoped we would break out and up out of the long wedge we've been sitting in on Friday and I believe we came close. Let's give it another go today.
Comment by
jailtrader on Dec 12, 2011 9:02am
Sorry wrong board. This was for the GWG forum.