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樓主 |
發表於 2011-7-21 01:54:39
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I want to share my view here.
Today's Movement.
It continue yesterday's falling from morning to afternoon.
The resistance was 1,593 (that's why we couldn't see any price above 1,593 before night time).
Some criticism suggested to sell at 1,594 or 1,595, but you guys had to understand that 1,595 was a support yesterday. It fell straight.... down to 1,581.7 last night and couldn't close back to 1,595. So, 1,595 became a resistance today.
If it was a resistance, normally the price wouldn't touch it. It will stop few dollars before reaching it.
So, today when started to rebounce, very likely that we couldn't see this 1,594 or 1,595 at early trading time.
Then, it started to fall from 1,591.x...... to seek support.
Finally it seeked support around 9 days MA.
In daily charts, for tens days it didn't touch 9 days MA at all, so today was the 1st time go near to it, very likely it will have rebounce.
As that was today's bottom, then it started to rebounce.
It broke 1,593 and 1,595 resistance and try to break 1,600.
That's where we are.
(I felt a bit pity, as someone might set selling order at 1,594, 1,595.... but after the order was made, it went up to 1,599, instead of falling).
I want to say, trading just like amplifier.
At first, the range of high and low price is small (during Asian market or European market).
Then, after one side, either bottom or top has made, it will make the other side.
That will make the range large, like the wide side of an amplifier. |
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