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Re: profit227 post# 11719

Wednesday, 03/27/2019 10:19:05 PM

Wednesday, March 27, 2019 10:19:05 PM

Post# of 23478
I agree, but I also see a nice BB tight channel, and overall lower lows and higher lows on RSI, no major reversal indicators just yet, so I anticipate potential drop of somewhere 20-30% before a major rally to scare off some weak hands. I'm looking historically at what happened the last rallies where we started to see this volume occur.

Until that point, if we look at the trades throughout the day, we see it's still largely institutional accumulation/manipulation at this time, as opposed to individual investors playing the waiting game/day-trade game.