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Re: coolerheadsprevail post# 22393

Wednesday, 03/18/2015 9:34:12 PM

Wednesday, March 18, 2015 9:34:12 PM

Post# of 24848

And the VWAP for today, TUE, 3/17, was approx .1100, so although another decline, the amount of the decline is again much smaller. Seems like it is trying very hard to bottom-out. At this daily rate of decline in the VWAP, it would seem that a few more days of slow bleeds may be all that it needs before it is ready to stabilize -- and so if this is the case, then hopefully it will bottom out around .10 and we won't see sub-.10 prices... ...but who the heck knows...


Very interesting day... ...today's VWAP was approx .1115. This is significant from a technical perspective because it is the first time that the VWAP did not DROP since the free-fall began on 3/3.

And, in addition to finally seeing the VWAP rise for the first time in 2 weeks, today's action was based on the highest volume day of the week, and the 3rd highest volume day since the decline began. So pretty solid day.

And, to boot, today also saw BOTH a higher HOD and a higher LOD for the first time as well.

So far, it really is starting to look like we may have finally found some support...