IGO4IT agree completely with what you indicate.It is weird...

IGO4IT agree completely with what you indicate.

It is weird indeed and will be interesting to see what pans out. If it keeps this up the target will get hit with ease. There is either genuinely no sellers left or a trap awaits ;)

Who will win?

He who dares....or the bears?

Whatever this is a classic Chinese strategy in progress...

"13, "Hitting the grass to startle the snake." This strategy arose during the Tang dynasty, and broadly means using loud and obvious methods to flush out the enemy's concealed intentions. But what does that mean for modern financial traders?

Guppy interprets the strategy by warning that "every trend, every support level, every resistance level is a suspicious clump of grass potentially concealing a snake." You can check whether there is a snake passively, by analysing market trends and rally data. Or you can actively place a small order just above the trend line to see whether other traders act on this signal."
source: http://www.chinadaily.com
BUSINESS WEEKLY, Ancient wisdom


Great book worth a read.
The 36 strategies of the Chinese for financial traders, Daryl Guppy