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Friday, February 24, 2017 12:03:46 PM
we already are in the second highest volume of the last 3 years, yes 3 years. So could be wash trading, shorting, flippers, gap fillers...but..
..not bad for just another minor event, as some of you are considering the approval.
What is important here (JMHO), as I wrote before, is that the flipping game could see some new variables leading to a something different.
I have read that more than one believes that a trading pattern perpetrates itself, virtually identycally and indefinately.
History teaches that at one time (and nobody or just very very few understands when) the pattern changes.
So the algo which did so good in the past starts to give wrong signals, TA analysis fails to recognize the new pattern until it consolidates, and so on.
Many here keep on speaking about the uncertainty (which is true) and trade accordingly, because it worked in the past.
So they are CERTAIN about the UNCERTAINTY to remain.
That's where I see the wrong in this logic; and I'm not saying on monday we fly or whatever...
I'm just saying that just because it followed a pattern in the past it is not going to repeat again and again.
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