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Re: A deleted message

Tuesday, 02/11/2014 4:38:45 PM

Tuesday, February 11, 2014 4:38:45 PM

Post# of 9445
With the huge bid ask spreads and low volume as we have had here lately, we have to broaden our perspective on price action. It's too easy to paint the tape either direction for pennies, like today. Accordingly you have to abandon specific predictions and are left in best predicting the overall trend which is still down. Don't get me wrong, I am aware of how much it bites to see what you thought was a steal at .12 drop into the .04s on what you perceive as good news but that's the price of ignoring the tape. Catching a falling knife most always ends up with a wound or two.

Don't fall into total despair though, it could easily get pumped again.