Replies to post #15686 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[surehands]

Good article regarding high tech financial firms and trading advantage. The MM has been replaced by high end computer algorithms.





https://www.forbes.com/forbes/2010/0927/outfront-netscape-jim-barksdale-daniel-spivey-wall-street-speed-war.html

[surehands]

I think we may have a reversal pattern completed today. If confirmed 2.90 is my opinion. Could go all the way back to 2.84 Not sure.

How to identify Pipe Tops and Pipe Bottoms

The first of the two candlesticks is in the direction of the previous trend and often pierces a support or resistance level. The second of the two candlesticks reverses the price action of previous candle immediately thus rejecting the breakout from the support and resistance level. Thus the two bars stick out of the tops and bottoms of moves like a pipe.