xXx wrote:By "sticking" Captain do you mean ranging?
No - price hugs the top of the Ladle - this encourages the belief that the top will never break
More and more sellers pile in - and put their BUY stops above the line
Thus - when the price breaks up the pressure on price to move is immense.
i.e. both the short traders with their buy stops and B/O traders are buying.
sorry if I'm not making sense - I know what i mean anyhow