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Re: Mr Rollup post# 8690

Tuesday, 08/18/2020 9:33:40 AM

Tuesday, August 18, 2020 9:33:40 AM

Post# of 44690
I repeatedly warned about gapping this up. Gap up are the worst thing for a continued move higher. Gaps mean absolutely no support. The resistance we need to break above is .95-$1. Ask yourself would it be better to attempt that with a solid foundation below or one with a bunch of holes in it. The latter is the situation RLFTF is in. Gap ups kill momentum and buy volume. Some buyers will simply stay on the sidelines waiting for a pullback to either test or close the gap. Gap up are caused by eager beaver newbies that basically are clueless. Try sitting on your hands for the first 5 mins of trading. The MM's are more than happy to repeatedly teach this lesson and give you a much needed swacking. Stby for lesson #2.