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Re: None

Friday, 03/18/2016 1:01:00 PM

Friday, March 18, 2016 1:01:00 PM

Post# of 21105
My take on the price action
Haven't seen anyone mention but BMAK was here out of the gate and whacked off on the bid a fair amount then quickly disappeared completely and now no where to be seen... with the price going wrong way, red money flow, & BMAK frightening potential ask slappers who quickly move on for now, it was followed by most of the flippers who got sub penny running for the exit and/or stops getting hit.
Of course all that set the tone to this point ... IMO it is temporary when ask slapping commences we roll green in the PM... I was surprised when BMAK vanished it didn't take hold already but now it's who will flinch first
I think we are down to longs again with everyone standing pat.
Revs vs. M/C = steep correction still on the way ...just maybe not on a Friday but I do expect to finish green today and a delayed 'rational' reaction in to next week & beyond.
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