Sorry for troubling you again but you promised that you devise a plan by Wednesday. I hope that you have enough strength in your fingers to type the plan.
I remember seeing a post by SG where he said there is a high probability of the price moving in either direction when the bid spread becomes small.
Today I was watching Coal India, the bid spread was all over the place with values anywhere between 30-40 paise. After sometime, it reduced to 5 paise for the next 5-10 minutes and that time I remembered his post. Next moment I saw the price had gone from 319 to 322 in a matter of minutes.
PS: I'm not sure if I interpreted his post correctly.
Yesssss...... you got that perfectly... that is usually the point I end up buying at market... and just wait...for the Jump...
In the same way over some period....you will get the hang of whether it is going to move down or up....down is usually followed lower & lower 'Ask' when the the spread narrows... observe and practice and you will perfect...with few shares at a time....
I remember seeing a post by SG where he said there is a high probability of the price moving in either direction when the bid spread becomes small.
Today I was watching Coal India, the bid spread was all over the place with values anywhere between 30-40 paise. After sometime, it reduced to 5 paise for the next 5-10 minutes and that time I remembered his post. Next moment I saw the price had gone from 319 to 322 in a matter of minutes.
PS: I'm not sure if I interpreted his post correctly.
That is the reason, i gave you "OBAMA FINGERS" YESTERDAY.. But bro, please press refresh button often... in your memory chip, about my PM..so that at some point of time, an automated program will be ready for me..