vincentkuba: it was a nice pattern, this afternoon, for sure. Market Makers make their money on volume. They look to encourage volume, not suppress it. They play games for sure, but those are relatively minor to the scheme of things. I can't think of a single trade, over the last six years, that has involved MMs, that I didn't think that I got a fair market. You will notice that around 3:00 p.m. today, there were a number of buys on bid that went through via AON limit orders. This was about 15-20 minutes after a very large sell, at bid. Then the bid and ask rose up quickly again. The market was digesting and ready for more.
I suggest you know and understand the next points of resistance and have an exit strategy, even if you plan on coming back in. To see .20 tomorrow or Thursday would not be a surprise. However, .50 is just not foreseeable in any sound and unemotional charting.
"When in doubt, empty the clip."
