Thursday, April 10, 2008 5:52:07 PM
You can see from the three largest red candles that this was the third of the more serious profit taking sessions of note since the high of 2.39, (underscored by the volume bars below the red candles).
People take profits, that's just the way it is in this game.
No rules, just a myriad of decisions from multiple players who affect, in turn, other investors during the trading sessions.
We've had our 'seasonality' outbreak, that's for sure and thanks to ken goodrich for highlighting it along the way. Anyone could have played it for the cycle high it presented. I think a good many watchers here are waiting for more than just cyclic breakouts, however.
Will sure be interesting to hear what's next in the pipeline, as lowman has suggested; so it's up to Don Robbins to pull the next rabbit out of the hat.
People take profits, that's just the way it is in this game.
No rules, just a myriad of decisions from multiple players who affect, in turn, other investors during the trading sessions.
We've had our 'seasonality' outbreak, that's for sure and thanks to ken goodrich for highlighting it along the way. Anyone could have played it for the cycle high it presented. I think a good many watchers here are waiting for more than just cyclic breakouts, however.
Will sure be interesting to hear what's next in the pipeline, as lowman has suggested; so it's up to Don Robbins to pull the next rabbit out of the hat.
Starboy
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