Mike The Pike Productions Inc (MIKP)

[ctp93]

Yes it would. Honestly it wouldn't even have to go THAT well to start making long term projection look up though.

I think there is resistance at .003 that will take a substantial effort to break, so there could be a period of hanging around .003 long enough to consider it a leg.

Really, if a genuine run was started and sustained for more than a day here, there would have to be significant shake up of the MM's causing a scramble. If real pressure is applied, then they scramble. it is a beautiful thing to watch.

In MIKP, they line up behind NITE, let NITE do the fighting, but when NITE breaks, the remaining MM's are too weak to hold so they basically hold long enough for NITE to establish the next foothold. When pressure is severe, they break before NITE lands and the scramble starts over.

THAT is where you see things run %100+ percent. Granted they don't hold those levels, but if you are LONG, you still end up SIGNIFICANTLY better off than you were prior to the run. If you are just chasing, you probably get shafted short term.

The point is, you put the pressure on the ASK, and .003's don't matter because you'd knock it off so fast you'd blow right by it. By the time the dust settled and a retrace happened, the .003's would have been skipped, and likely the .004's as well.

A mammoth buying frenzy erases all bets. 8)