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Monday, May 05, 2014 3:29:01 PM
Now, looks like they're gonna "try" and "paint it" on a mega wide spread again, and almost no volume of buying.
Classic "ratchet" IMO. Dumping a boat load for "someone" or a "big boy" going short, then the broker/dealers open the spread, Grand Canyon wide and "paint the tape" on some $200 or $500 trades or whatever- and "walk it back up" again, creating the illusion that it's now flat or "up" a bit for the day.
Next several days- wash, rinse, repeat IMO. They're still "working" it IMO, for a big boy. Not done yet. 90% or more the volume today was on the 11%, AM drop.
All the rest is just "gaming it" from the big boys, IMO.
Same old, same old. Lower highs, lower lows- and down dumps are on much, much higher vol than these moves back up. All designed to pull in buyers, for the next "unload" cycle IMO.
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