Sep. 7 at 9:40 PM
$APP Mister nWhiteFace messaged me E L E V E N times since I was last here. Holiday. Market closed.
He thinks a WHOLE month of dull sideways price movement (or lack of it) is somehow an "accumulation" 23 sessions.
There will be a forthcoming rally. No surprise. Necessary evil The ax has to SHED the excess inventory, as an agent, he's forced to absorb. When he's sold out, sustainability, lol, questonable
IF a bag holder was smart, he/she would use this forthcoming "event' as EXIT liquidity. Bag holders you say? OH YEAH all the way to least 500. APP closed at 534 on June 1st. . "Recency bias".
Now, the ingredients. A width of 23 sessions and average bar length of 7%. Take those two dimensions and multiply by the feeble volume. A yellow line for your convenience.
Then ask yourself, HOW FAR will a rally go?
In the remote event those two unfilled gaps fill, personally, I add yet another tranche.
