Replies to post #4642 on Lotta Coal Inc.(fka LCOL)

[mkt_predictor]

Well if you are going to follow all the gap TA, now there is one at .145, so it goes up to fill it. Has to work both ways if you guys are going to keep throwing this stuff out there.

[Imperial Whazoo]

Thats in the back of my mind too, but the action today was a rejection of .085. I had it up on screen a minute ago but I closed my platform and only happened to check the iHub one more time before getting ready to bicycle. Saw your comment & decided it was worth entering a comment or two in conjunction with your comment.

I did a rough count during trading and there was almost no .085 volume, modest .09, and a pretty large percentage at .095 thru .0105. I basically was looking at the 1.075 million volume that traded today as a pretty bad setup until late in the day when it pretty soundly rejected the lows of the day and closed up inside it pretty solidly.

I think we have a range of .075, which is a gap that may get filled, up to .20 or thereabouts until news. The key will be volumes. I have it on 8 minute bars as I type and it looks to me like in the 8 minutes ending at 12:46 PM, there was a lot of buying at between .09 to .11. Then it drifted down to a low of .085 but that was less than 10K actually at .085, if I recall. And there was pretty good support between 13:42 PM and 14:38 PM, after which there was definately the heaviest volume portion of the day leading up to closing.

I mean, I'm looking at an 8 min wave in WizeTrade right now and from 14:30 PM to EOD, there was definately the heaviest buying of the day and there was a solid wave up too during that timeframe. So, it looks to me like there was buying at the end of the day and that this volume was the heaviest segment of the day and that does not portend an immediate retest/filling of the .075 gap. But who knows. It just looks like buying at EOD to me, that all, and the candle was a rejection wick to boot. A wick that reaches down to .085 briefly and on low volume but a pretty solid close inside lows of the day and heavier buying than during the rest of the day at the EOD.

So, we'll see. I'd definately be surprised if it both filled the gap and crashed thru .075 on muscular volume. I just don't see that in tomorrow's trading.... but its pinkieland and anything can happen.

Just my opinions and they're just that: opinions. Do your own DD.

Imperial Whazoo