AI
Thursday, March 26, 2015 2:44:51 PM
I report some observations that are like a frame in a moving picture. It represents a point in time, not a commentary for the whole movie. Sometimes these timely quips can be turning points; other times, just noise.
Pattern lately has been selling into buying. Even while the price has been trending lower, there has been decent buying. Just that most times, buying has been countered with selling. My guess--liquidity. Sellers need buyers (vice versa) to make a market. That is, unless the market participant wants to quickly affect the price. One point that supports the possibility for NR's hypothesis that entities are trying to move a large block of newly unrestricted shares.
All things come to an end. Buyers building positions will fill out their positions. Sellers will eventually complete their selling. Technical observation is exhaustion at the end of intentional buying or selling. A period of lower volume, when trade is dominated by more normal random market activity.
Except for the lower opening this morning, which has also been a recent and non statistical pattern, trade has been fairly absent of the selling after buying. Price has not moved much since the open. PPS seems less under pressure than in recent sessions. Also, volume has really dropped off since the opening hours. Now this is the frame of reference. If the frame develops into a more complete picture, we could be observing the beginning to a change in this movies' direction.
It's slight; but, appears today is more buying into selling :). Frame by frame. Where is the movie going, how will it end?
Pattern lately has been selling into buying. Even while the price has been trending lower, there has been decent buying. Just that most times, buying has been countered with selling. My guess--liquidity. Sellers need buyers (vice versa) to make a market. That is, unless the market participant wants to quickly affect the price. One point that supports the possibility for NR's hypothesis that entities are trying to move a large block of newly unrestricted shares.
All things come to an end. Buyers building positions will fill out their positions. Sellers will eventually complete their selling. Technical observation is exhaustion at the end of intentional buying or selling. A period of lower volume, when trade is dominated by more normal random market activity.
Except for the lower opening this morning, which has also been a recent and non statistical pattern, trade has been fairly absent of the selling after buying. Price has not moved much since the open. PPS seems less under pressure than in recent sessions. Also, volume has really dropped off since the opening hours. Now this is the frame of reference. If the frame develops into a more complete picture, we could be observing the beginning to a change in this movies' direction.
It's slight; but, appears today is more buying into selling :). Frame by frame. Where is the movie going, how will it end?
