Yes, but why did it reverse exactly at 807 and not at, say, 803 or 812--which is where the previous support (now resistance) and the gap is, respectively? I'm of the opinion that prices don't EVER move in random. If you look hard enough, there's always a "concrete" (that is, not subject to ambiguity) reason for a reversal.
Quote from saliva:
Yes, but why did it reverse exactly at 807 and not at, say, 803 or 812--which is where the previous support (now resistance) and the gap is, respectively? I'm of the opinion that prices don't EVER move in random. If you look hard enough, there's always a "concrete" (that is, not subject to ambiguity) reason for a reversal.
But thanks for your insight.
Your point is well taken, but I too have been trading for some time and exp has rarely ever made much impact on the futures (as far as I can tell). Seriously, I normally wouldn't raise so much ruckus over a few insignificant points before a reversal but this has been going on for some time long before exp and I'm getting unnerved by it. Is the market that I knew for the last 20 years changing? :eek:
Some of us live and breathe (as well as $hit) this stuff. Pun fully intended.
Just because we're in a bear market does not mean PA goes haywire. As I said above, prices don't just fluctuate solely based on traders' whims. These traders buy and sell at particular price levels.
Here's what I was looking at.Quote from saliva:
Yes, but why did it reverse exactly at 807 and not at, say, 803 or 812--which is where the previous support (now resistance) and the gap is, respectively? I'm of the opinion that prices don't EVER move in random. If you look hard enough, there's always a "concrete" (that is, not subject to ambiguity) reason for a reversal.
But thanks for your insight.
I have before but don't do it anymore. I've also made live calls and post blotters on other threads that I had an interest in supporting