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Re: dragonxbreath post# 9464

Wednesday, 03/31/2010 9:10:23 AM

Wednesday, March 31, 2010 9:10:23 AM

Post# of 64332
Don't understand why folks treat L2 like a static indicator. I'm newer than most here, but I've never seen a situation where such a gap isn't filled immediately in a denomination closer to its predecessor. For instance, so .05 stands below .11 (or whatever)... I'm confident IF .11's were gone, we would immediately see MM's fill in .10.... The same is true on the up-side. In a momo run it's almost silly when folks are saying, "eating away the .15's... then the .30's...!" If the .15's are gone, invariably the MM's add a .16 layer, and so on.... Am I right, or someone set me straight? If I'm right, can't give such exact credence to L2 as a predictive tool in those regards.... There's more depth/variation than what we see in front of us....