Traders Laboratory - View Single Post - The Markets Said "Oops"
View Single Post
  #4 (permalink)  
Old 10-17-2006, 09:26 PM
ant's Avatar
ant ant is offline
ant has no status.

 
Join Date: Sep 2006
Posts: 293
Thanks: 0
Thanked 3 Times in 1 Post
Re: The Markets Said "Oops"

I absolutely love the way the market decides to test the opposite end of a range after encountering price rejection at the other end. Makes a lot of sense because the market's job is to facilitate trade, so when it couldn't find buyers/sellers at today's low, it decided to test the upper limit. Doesn't happen all the time but enough times to make it worth noting. Thanks for pointing it out James.

Reply With Quote