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Re: Jack's got the Magenta Java!
The reason why I post so often on the forum is because it forces me to think about the market for the moment at hand. Posting makes me look at every aspect of what may influence the market. By “quality buying” I mean consumer type buying that Is not going to be liquidated. The fact that such buying has been present since 106.00 is actually even more supportive of prices going forward. I think charts are great, especially Nagual’s, but they are not magical. The reason why the market bounced from the 102.50 level was simply because the buying outlasted the selling and some shorts covered. That’s just my view. It would be good for the forum if you posted more often and consistently. Your views are always valuable especially if you disagree.