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Cabbie

9,258 Posts.

824

22/04/17

23:19

Post #: 24214950
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Originally posted by gypaetus ↑

Yep, that's why I inverted the chart - one mans spring is another mans upthrust so to speak, but it doesn't to my eye look like that.

Pure supposition and speculation, but looking at the weekly - if the accumulator has a target of acquiring X at a VWAP of Y - perhaps the only way to achieve that this short week was to buy a portion of the stack at the opening auction, and then let the price drift... or it's someone else that created the gap up?

Again, I'm not saying it's bearish - more that it's out of character with the recent action so needs investigation/watching, that's all.

And hopefully it's just unnecessary questioning on my behalf.

Cheers

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Originally posted by Beany72 ↑

I'm with you as well in regards to why gap it up, it goes against what we were expecting. If you are trying to accumulate, gapping it up would be the last thing you would allow? If you are trying to distribute on the other hand?????

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I was wondering about that gapping as well and something rang a bell - here's an excerpt from Tom Williams.
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