ta Chris, if they today began to sell out, one may see two different scenarios develop.. they could apply downward pressure resulting in lower prices immediately ...or.. they could hold this up here, let the price rise up again only to be selling more of their sell orders into it, that is before letting it drift lower with no support ... also because to todays level close it will be an upthrust not a BC. fairly easy to call today as the volume that came in abt 1pm was too large and certainly misplaced ... PSY has never had such a huge volume upthrust
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Day Trading Nov 03 afternoon, page-147
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