Quote from: Chef Ramsay on July 07, 2015, 05:47:18 AM

Quote from: bassclef on July 07, 2015, 05:35:39 AM

Quote from: cyclotronmajesty on July 07, 2015, 05:29:52 AM

precipitous dump

Or a low volume dump. Of course you'll get a pullback after a big price rise, every time. There's overarching supply to be worked out of the market because of profit taking. Once it's all absorbed, whoosh back up we go. Look at the volume compared to similar moves to the left and it will give you an idea of how much gasoline is behind it.

bc, your commentary I find is the most impressive and worthwhile content on this entire forum. Keep it up and wish we could get more of it. Cool

You're either really smart or really cool by default.

Thank you Chef. I'm not much of a poster here lately, but feel free to pm me anytime if you have questions or want to take a trade. I almost always have a position open.

FYI not sure how much more pulling back the market will do as volume is trailing off and candle spreads narrowing/overlapping as the mini selloff grinds to a halt. Enough people are waiting for $260 that it may not happen.