Thing is, its not working nor has it with this coin. You watch this in bitcoinwisdom, in the transactions, you will see a quick dump at the same time, but nothing else follows it, besides a few buys.
Well, some people think they can swing trade it.. but its very hard and sooner or later they will loose if they not have enough funds to push the other whale out. For the average joe, do not try to swing trade. Set a hi sellprice instead.
EDIT: agree on the graphs..
Yep. In fact I have learned that I have not set my buy orders low enough. The stupid flash seller always gets it below what I think is usually the min area.... miss it every time... to high... but I am learning lol.