Less than a 50% retracement for the day so far?
posted on
Nov 15, 2007 06:36AM
and the volume to the upside this am was way greater than the volume to the downside. I see it as buyers taking a position and those that hold not wanting to sell at a low price. At this point I don't see it as sellers being in control. I feel the MMs just taking advantage of those that don't want to miss the boat. The tension is building. I am curious about how the day's trading concludes. Maybe Hipncash can comment better, but I think the resistance is .625 aproximately. I wonder if we will get there today or go past it. GLTAL ( and yes I did add more. I, like others, don't want to miss the boat LOL )