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Author Topic: Estimate the true amount of resistence around 7-7.25  (Read 2280 times)
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January 12, 2012, 08:42:38 AM

What would a prudent guess of the true resistence
@ 6.90 - 7.25 be like?

2-3 times visible amount? More ? Less ?

If passing the resistence point fails again are we in for another round below 6?

For me the market is really a bit hot now. Really would hate to burn my fingers.

As I write this depth at $7.25 is about $156,000. I currently estimate that it would actually take closer to $400,000 to reach that level.

We're at about $400,000 volume since this prediction.... Quite a bit of the wall has been eaten, but most of it is still there.  It will be tough to punch through unless most of those asks are dropped.
While no idea is perfect, some ideas are useful.
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