Selling into .001 is a contrarian indicator If yo
Post# of 5570
Posted On: 10/09/2012 12:55:24 PM
Selling into .001 is a contrarian indicator
If you take a look at the daily chart below, you will see that the last 2 times we had volume selling into .001 on 5/15 and 7/18 we saw moves up to .006 and .007 respectively.
As mentioned, we are in the window of time where MPIX is set to make a bullish move and the indicators have been lining up. This last contrarian indicator, capitulation selling, is probably the icing on the cake. We are approaching mid month which is when I really see the move back up occuring so get ready for some fireworks shortly.
[IMG]http://i.imgur.com/dXCmr.png[/IMG]
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