futured down 110 pts already, page-22

Devander,
hmmm... consider this... you buy some shares in compnay x @ $15... they are a short term play for you. A month or two laer, you notice they peaked at just over $20 at about 11am (you notice this at 1pm, theya re back to $18.90now). You decide it's time to sell, as that was your return objective ~30% return. But you are off to play golf with a mate at 2pm, so you place a sell on the market at a fixed price and let it run to see if you can get it.
What is that price ?
It would be close to $20
That is human nature
That is emotion
That is in the chart, when the stock meets a double top later in the afternoon and drops quickly off the $20 mark as many people like you left sell orders there.
That humans say " it was at that price before, I'll leave it there cause it will probably get there again".. time after time.. is what makes charts reflect emotion
cheers
df