18 Aug 2015 - Clustering

Notice the clustering of the ST since the end of July, and notice the clustering just before the volatility hit in June.  We are again witnessing a possible volatility coming back, and we should be watchful of the OB or OS conditions and how long they linger in their respective range.  I've said before that the longer they are in those extreme range the further out price gets.  This movement of furthering out is what I call the safe bet.  The reason is of course the distance a price pulls away from your initiated buy or sell point.  If ever there was a turn around in sentiment, there will be a high chance that not all profits would be retraced for a loss.

MT: DOWN
ST: UP
PA: UP