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Have we seen a short term low?
25.01.08
Whether you believe it or not, the aim of markets is to fool as many traders and investors as possible, so that strong players can extract the maximum profits from the weak. What this means in today’s trading climate is that we are seeing more and more spike action, and this increasingly takes place outside the traditional trading hours.
The reason is that more and more traders, both private and institutional, use automated stops and trading systems, and these are often related to support and resistance areas that reflect previous historical action.
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