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what does this word mean?

  • #1
  • First Post: Mar 22, 2009 8:18pm Mar 22, 2009 8:18pm
Hi,
I'm not
good at english. Pls help me with a sentense:

"......You certainly don't reverse pyramid by putting the same or bigger positions on because the market could very well take out the lows quickly and you will have to salvage what
you increased if wrong. ..."

What does "the market take out the lows" mean?

Thanks.
  • #2
  • Mar 22, 2009 8:20pm Mar 22, 2009 8:20pm
simply that the price will breakdown through the lows

mp


Quoting neo007
Hi,
I'm not
good at english. Pls help me with a sentense:

"......You certainly don't reverse pyramid by putting the same or bigger positions on because the market could very well take out the lows quickly and you will have to salvage what
you increased if wrong. ..."

What does "the market take out the lows" mean?

Thanks.
  • #3
  • Mar 22, 2009 8:22pm Mar 22, 2009 8:22pm
Thanks for fast response. But "very well" means what?
  • #4
  • Mar 22, 2009 8:25pm Mar 22, 2009 8:25pm
Quoting neo007
Thanks for fast response. But "very well" means what?
Means that a high probability exists for the event to manifest.

"the market could very well take out the lows quickly" = there is a great probability that the market breaks down through the lows very fast.
  • #5
  • Mar 22, 2009 8:26pm Mar 22, 2009 8:26pm
'Could very well....'

Is similar to:

'Is likely to...'

Or,

'Has a high chance of..'




Hope that helps mate
Living the adventure in my head.
  • #6
  • Mar 22, 2009 8:32pm Mar 22, 2009 8:32pm
I see.
Cheers!
  • #7
  • Last Post: Mar 22, 2009 8:48pm Mar 22, 2009 8:48pm
very well is an expression that, in a weak manner, means "probably"

it is used when one does not wish to commit to an absolute statement, such as "the market WILLl take out the lows"




Quoting neo007
Thanks for fast response. But "very well" means what?
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