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Re: CES2002 post# 582

Wednesday, 11/22/2017 9:05:37 AM

Wednesday, November 22, 2017 9:05:37 AM

Post# of 6252
Thats the fundalmental traders question, isn't it? I mean, why do Fib numbers work at the 618 or 382? Why do gaps get filled?

I favor the theory that volume is the tell. Problem with thin days like today is that its easy to push stocks around on thin market days. So.... PRELF volitility high an gap gets filled or volatility low and resistance line holds? Watch the volume and in particular, watch where it happens. Wish we couls see short positions in something resemblin real time.

BTW... as of this minute, Bloomberg is talking about crypto's right now & the gist of it is that the floodgates of mainstream cred will open once the futures contracts get goiong. The panel weighed in that ETFs will follow & then, mainstreamed recognition of cryptos.

And guess who is reportedly going to "speculate" publicly about BoA entering the bitcoin futures game? Good ole "I'd fire any trader of ours who trades bitcoins" Jamie Dimon! Can anyone say "I like eating crow".

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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