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Trader S77

12/03/09 11:01 AM

#19805 RE: pediman #19795

Caused by the downward pressure of minor resistance at .01 and major at .012. .009 is IMO a fake wall on Level II set up by the MM's.

Of course they know that .01 is a psychological resistance level and lining up the ASK at .009 will make it look impossible for PPS to head higher, thus causing a lot of selling and thus we have fallen back.