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powderkeg

02/11/14 5:00 PM

#7091 RE: FLAPPO99 #7090

It's too easy to paint the tape either direction for pennies, like today. Accordingly you have to abandon specific predictions and are left in best predicting the overall trend which is still down.


That seemed like a general statement for all pennies.

There was more volume and a much tighter spread between bid/ask. As the volume has tanked and the spread opened up it becomes meaningless and you have to back off and look at the overall trend over a larger segment of time.


That seemed like a conditioned statement for certain pennies.

So as long as the volume is at a certain level, and the bid/ask spread has a certain tightness, it's safe to make specific predictions? and your prediction would have been accurate if only the volume and B/A spread stayed in the same range?