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malvern

04/08/13 3:01 PM

#40257 RE: ospreyeye #40254

Except when it becomes a self fulfilling prophecy based on your prediction you have a lot of influence which can change sentiment, you need to be careful not to get ahead of yourself with all due respect ,also 2 points

1: if as predicted this turns negative it will not be a reversal of a pattern but rather a retrace off of a bounce, as the reversal wont be confirmed until we trade above .062

2: To your point the volume after the first hour of trading has been anemic and would suggest that price support may be eroding, but it could also be tightness and honestly trading can go in either direction at the whims of the MMs at this point just my opinion. Today could just be a little cooling off period, before we tackle the next flight of stairs.