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Re: Egnar post# 47680

Tuesday, 04/22/2014 6:08:30 PM

Tuesday, April 22, 2014 6:08:30 PM

Post# of 57066
To be honest whomever placed that last minute order on that kind of spread wasn't a good buy especially with that kind of pressure at the two levels above it (close to 5M). That pressure will most likely continue tomorrow; if it does be prepared for .005 to turn into resistance. I am almost positive that this will have a negative spread at the bell, something in the .0047-.0052 range. We will also most likely see continued downward manipulation when that occurs. I warned everyone to not get caught in the hype in my analysis. Hopefully no one bought at the top, this will continue to see 4's tomorrow if a PR is not given. I'm not trying to sound pessimistic but yesterday and today showed weakness, nothing more than a small run from a PR which couldn't hold its gains.

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