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Replies to #30674 on lowtrade

lowtrade

04/14/12 11:20 AM

#30676 RE: picheljitsu #30674

The FIBs should be to the highest candle body. Which is 3.60, but if your more interested in sentiment, then emotion you placed the FIBs fine. Because 3.60 were both gap opens, which didn't hold.

As for gap up opens, They could be attempts at causing a run. But afterhours, normally is news or rumor based or an attempt at stealthy entry, which got unwanted attention,

One never really know reasons, but it's fairly well excepted that pre market is emotion motive based and after hours, entry motive based. You see alot of reaction & manipulation in the AM and alot of stealth & beat the crowd in the PM.

I use this link to eval pre and post market trading. And if you mouse over the chart you will notice after hours started low & slow and built, in price & volume. It didn't actually gap there. Looks like a stealthy failure. Where someone tried to sneak in, but others joined in. But the main thing to take from all this is resistance held for the second time.

http://www.nasdaq.com/symbol/vrng/real-time


A few expect or want more, but consensus is not there yet.