Why The big pull backs You ask, after the initial
Post# of 29744
Posted On: 09/07/2014 7:15:20 PM
Why The big pull backs You ask, after the initial big move ?
This pattern is normal in the otc world , imo what they want is to keep the conversation going to keep the buzz alive as it is pulling back, and as peeps are yelling kicking and screaming all the way down and then those who bought the top and still holding will want to cost avg. down when they see it start to get going again and buy more of the sellers shares , most of these DO NOT make it back to the recent high , they typically hit between the 38.2 and 76.4 fib retracement off the swing low bottom when we get it , so pay attention to the ask volume to out weigh the bid volume at the technical trader pivot points down at the lower fib pull back lines and the ones that coincide with the ma lines. Remember these guys trade big caps and they use the same trader pivot points as well
This pattern is normal in the otc world , imo what they want is to keep the conversation going to keep the buzz alive as it is pulling back, and as peeps are yelling kicking and screaming all the way down and then those who bought the top and still holding will want to cost avg. down when they see it start to get going again and buy more of the sellers shares , most of these DO NOT make it back to the recent high , they typically hit between the 38.2 and 76.4 fib retracement off the swing low bottom when we get it , so pay attention to the ask volume to out weigh the bid volume at the technical trader pivot points down at the lower fib pull back lines and the ones that coincide with the ma lines. Remember these guys trade big caps and they use the same trader pivot points as well
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