Re: Level II

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Goldstar40

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Re: Level II

in response to

Re: Level II

seahawks

posted on Mar 09, 2015 11:49AM

Level 2 will show you how much is on the bid (buy) and ask (sell) sides....

If there is a large number on the bid, that is usually support, and if there is much more on the ask, then you know we are coming into resistance.

More on the ask like today tells you that there is a lot for sale and it will take an equal amount of buying to move the price.

Its a really good indicator but not exact science, sometimes large asks come up just to block any movement.

Without another close above .44 we wont be going anywhere this week. Hey its the 9th...my prediction for the end of March is a firm "I have no idea".