InvestorsHub Logo
Followers 37
Posts 1699
Boards Moderated 0
Alias Born 10/05/2012

Re: None

Wednesday, 09/18/2013 6:31:12 PM

Wednesday, September 18, 2013 6:31:12 PM

Post# of 183618
Two bullish haramis in a row with a jump over resistance at .0027 (8/13 and 8/16, 8/17 and 8/18), both with the babies high. Tells me bulls are winning by default. Very little buying at ask, but most orders are being filled at progressively higher bids. The fact that price jumped resistance because of this pressure is a measure of the strength of the trend. If we proceed this way some more, it'll take a few days to break .003, but it'll be super-solid this time, because almost every tic will be gained on shares doled out to whoever bids the highest.

But man, this chart is thick with resistance levels here: MA resistance levels, psychological resistance level (.003), natural resistance levels (sometimes the same as the MAs)--a good sign, all the MAs converging as the bollies tighten up again and the bottom bollie rises fast.