AI
Tuesday, June 16, 2015 4:25:13 PM
ELTP: June 16 4:00PM
This is what we see: the close was a couple of ticks above our resistance line on the Bear Channel. Things are not falling apart at all. And watching the MMs was instructive; CDEL actually won...but interesting, at the last of the day he was playing against himself...keeping the price from going to .24, but not allowing .236. This leaves me to believe that there are some powerful forces wanting to keep this down. Keep that in mind as it seems some heavy hitters may be buying large blocks of ELTP in very small increments which is why you are not seeing much movement and they know they are encouraging weak Longs to sell. Nasrat knows this game which, once again, is why he put the PP in place. Someone who understands, tell me if I am wrong please. It reminds me of the old smoky back rooms where deals got made.
Click on image to enlarge.
This is what we see: the close was a couple of ticks above our resistance line on the Bear Channel. Things are not falling apart at all. And watching the MMs was instructive; CDEL actually won...but interesting, at the last of the day he was playing against himself...keeping the price from going to .24, but not allowing .236. This leaves me to believe that there are some powerful forces wanting to keep this down. Keep that in mind as it seems some heavy hitters may be buying large blocks of ELTP in very small increments which is why you are not seeing much movement and they know they are encouraging weak Longs to sell. Nasrat knows this game which, once again, is why he put the PP in place. Someone who understands, tell me if I am wrong please. It reminds me of the old smoky back rooms where deals got made.
Click on image to enlarge.
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