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Thursday, October 02, 2014 6:54:50 PM
Reply stated: "Each sale is complimented by a purchase... It's a price haggle, that's all. "
If that "theory" were true, then a stock's price would never move up or down.
The stock today closed DOWN, DOWN hard as in negative 7.5% in a single day's session and on higher than avg volume. That means, and it's not debatable, it's a simple fact- it means that the net number of SELLERS was greater than the net number of BUYERS and that in order to "find anyone willing to buy", aka match a sell and buy order, the price had to be continually lowered, in order to "make a market".
That's how a "market" works. If no buyers want the shares, then the price is continually dropped until one is found to step in and cause a "market" to "be made". Thus the bid collapsing as it has been for over a month now- causing it now to be sustained well below both the 200 DMA and the 50 DMA. It's in a down trend, and that also is not debatable, per all standard definitions of technical trading.
The stock is showing weakness and not any strength at all- by being sustained below it's own 200 DMA and now the 50 DMA beginning to cross under the 200 DMA.
That's what "I'm talking about".
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