Another negative effect of the sequester on Redhorse has been the mandate that the government put many of its procurements up for bid under a standard called lowest price technically acceptable (LPTA), which as its name suggests,
basically means the lowest price possible.
Not exact matches
Drawing your levels in this manner gives you a better reference point to look for signals from since you are getting closer to the
mean or average turning point
price in the market, so it's
basically a higher - probability level than a level that's further out but exactly at a bar high or
low.
I'm by no
means a pro — there are literally tons of Instagram accounts run by people who buy thrifted furniture, fix it up, and sell it, and
basically wish I was that talented — but I've had a lot of fun finding great pieces for
low prices and sharing my redos via Insta stories.