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Tuesday, June 24, 2014 4:21:29 PM
And if buy side volume is the "tell" then the thing to consider is that the volume of buys yesterday afternoon, when there was anticipation of the open today.... well, yesterday late in the day the volume was much more robust than the volme today as the professionals walked it back down to slowly fill the gap.
Basically, what I'm trying to say is that it approached the close yesterday (1.74) in a bit of a rush to get in, but it did not approach the same basic price zone at the close today in any kind of similar rush.
I basically think it is a good thing that the gap got filled today & that the volume of doing so was unimpressive and unexcited. If there had been an evident rush to get out today, as it got down to the same level as the close yesterday, then I'd be looking at it differenrtly. We'll see. Time will tell.
JMHO
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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