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Friday, August 29, 2014 2:29:51 PM
Again, there is major consolidation (weak and shorts on one hand and support on the other) and accumulation a these levels. when the shorts finally realize the MAJOR sustained support here they will run to cover..when will this happen? it could be with real news or when they simply realize its not working and they get pressure from their brokers asking WTF is going on that the stock hasnt dropped and the brokers asking to keep depositing money to support the illegal shares sold to protect themselves against a sudden POP, and or with the all the weak also realizing it isnt getting any cheaper and they stop selling or decide to buy back in.
at some point with news or by the shorts giving or weak that sold buying frenzy showing up. at the point then the the stock will turn and run..hopefully its sooner rather than later.
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