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发表于 2011-12-22 11:48 PM
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Diver 发表于 2011-12-22 21:32
I guess this way is more powerful with solid steps than a big gap up opening.
This is the third ... I guess this way is more powerful with solid steps than a big gap up opening.
This is the third time challenging 200DMA. The first two gapped up open above 200DMA and both attempts were rejected and fell back down below 200DMA. Thus I think this time MM will try a different way: no big gap up above 200DMA, instead, gradually but steadily push up like a bulldozer.
Diver - Yes, you are totally right about the market's move. Let's make an assumption that MM is going to push the market all the way up and penetrate 200DMA. If you are the MM, what approach would you take to reach your goal? Most people (not me because I don't watch any MA or indicator) believe that 200DMA is a resistance. The least effort for MM to take over 200DMA is by gapping up.
1. If it was to gap from Wednesday's close to above 200DMA, it needed a huge jump. In order to make it happen, a bigger and better news was needed BEFORE 9:30AM the market opened. It did not happen, so MM take the second approach.
2. MM started pushing the market slowly up ... little by litte ... not too rush not to hurry. Why? If it surged too quick before 200DMA during the market hour, it would triigger heavey sell-off. Then the market closed at day high. OK, what next? With the approach, the best time to push up above resistance is after hour. That is what is happening now. If everything is still in MM's control and our assuption is still correct, tomorrow morning when the market opens, it will open at above 12/08's high. Nevertheless, MM will say ... mission completed ... 200DMA is taken over. |
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