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Re: None

Monday, 04/14/2014 4:34:15 PM

Monday, April 14, 2014 4:34:15 PM

Post# of 29204
I don't like the smell of this ...

Weakness into the close on decent volume and closing block was a "sell" of 198,151 shares at 1.99. I've not yet figured out exactly how the closing block relates to the day's, or following days', action.

The lower BB limit and 50-day SMA too close - tantalizing for some?

I suspect my "haven't had more than three consecutive down days sine the run up began" may be at risk. Today is # 3.

Look at buy:sell, 15-minute intervals, 14:00-16:00 (except there's an extra at 15:59 to overcome/check some bugginess in "trades" screen.

1:1.41
1:1.38
1:1.35
1:1.35
1:1.42
1:1.62
1:1.51
1:1.49
1:1.36
1:1.49

This works out to end at 36.82%, 54.76% and 8.42% for buy, sell and unknown respectively.

Last time buy percentage was this low, ~34%, was 3/26 and from there we just managed a wobble sideways, with some up and down, over the next 10 days. I don't know if we can be that lucky with what the overall market has been doing recently. The end of March period did lead into "window dressing" season though, where I would expect to see some support. Once we got out of there, the overall market started acting up shortly thereafter and $CPST finally showed some weakening starting around today!

Bill

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