What we have been seeing since Feb 10th is this.
Post# of 56323
What we have been seeing since Feb 10th is this. Every time the PPS goes above .10, it will then see at least a 15% decline. That is where the swing is. People that have seen this and act will sell as soon as they see the .10 or above reached. Then they will look at what the high was for that day above .10. They will then place a limit buy order in for approx. 15% lower than the high and wait. Within 3 days the buy order will execute and they are ready to play the swing again. It is a very solid trading strategy that is making people tens of thousands on each swing.
A concern I am seeing from other traders is that it may go above .10 and not come back down the 15%. Their concern is that they would sell at the higher PPS and then not be able to get back in unless they paid more PPS than when they got out at.
There are a lot of different trading disciplines and not just short and long. Those riding the swing have theirs and they will do well on this .10 resistance swing. Those who are long will do well waiting for the major PPS level this will be at within the next 9 months.