yes, the 200ma, that was the other reason why I placed a bid at the 4.88
nobody would look at last nights chart ,with the 200ma at 4.86, where it absolutely looked like it would get hit, but nobody would ever think, "Oh,I'll place my stink bid at 4.80, as I see the 200ma is at 4.86.
you expect to see a plunge that taps the 4.86 200ma and bounces right there. This plunge thru it to then magically stop ....at 4.80, whats up with that. ? is this whole price action game totally controlled and rigged by computers? is all this just contrived theatre? I really wonder sometimes.
who decided to stop selling at 4.80 and start buying? At the open, they pop it up 7 cents, then slam it down. we see that trick all the time. who is doing this trading?
so if I try to find a target to buy and sell, pick a target on the chart. 4.40 sounds very good. so does 4 dollars. 4.20
the Fibonacci numbers are as good as anything else. 4.50. lets be clever, there was a critical peak/reversal at 5.74. When that happened the 200ma was cutting across 5.80 and 5.80 was my technical target, so naturally the wall street gamers stopped it just shy of the 5.80 target. 5.74 down 1 dollar makes a target at 4.74. 5.80 becomes today's 4.80
where to from here...
price resistance points that Failed were at 5.74/5.65/5.60/5.58/5.55/5.50/5.38/5.19
take 1 dollar off all these prices and you get the bottom zone targets.
this is how cynical caveman thinks. and hes usually correct in the end.
Then think ,where are the 2 dollar bounces from these bottoms. so we woud see 4.19 to 6.19
4.64 to 6.64..... this is what I mean by caveman, my caveman said, immediately when the rally surged to hit 6.64 and suddenly plunge down to 4.95, caveman said the target is 4.64
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