SPO Global Inc (SPOM)

[Imperial Whazoo]

Actually, all I did was make a typo; I meant 11/27

And I just did a Fib fan using the 11/15 day and both the 15th & the 27th generate the same basic Fib line retraces and there is too little difference to matter. The MMs can shove this puppy all over the place at a whim. If they fart, the retraces get violated, LOL.

There is just too little volume here to be able to use most indicators, anyway. You want a general picture of what's going on? Throw a Fib splay up and it can be discerned that there is a "general" approach being used by VERT's traders (IMHO).

Volume is key & this puppy has too little of it to matter.

My real reason for posting my comments was to steer the conversation towards the idea that the MMs are using Fibs, generally, and this is visible in what we are looking at in SPOM.

Thats what I think.

But we need volume.

Right now, a MM sneezes and the Fib level of either of us get violated. Simple as that.

Volume.

Imperial Whazoo

EDITED: A bit off topic.... but the topic of what you did here on SPOM was that you say you would use an earlier moderate vol day, the 11/15 day, and I'd use the higher vol day... 11/27. OK, so look at JBII, another OTCBB stock.... tell me, what day would you use there and why? TIA