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Re: BluSkies post# 14389

Thursday, 03/26/2015 8:33:19 PM

Thursday, March 26, 2015 8:33:19 PM

Post# of 106841
The volume was anemic again today (same as these little "breathing days" of the past several months- where BMAK has backed off and the MM's have opened the spread way up) and the MM's "painted the tape" end of day again- literally in the last 1 or 2 minutes with a micro order or two of less than about $500 bucks total to bump it up to just above ONE CENT.

W/o volume- doesn't mean much IMO. Sell/dumping for months has been on 3 to 4 million share days on average. Today it did what, 870K shares total or whatever. The avg daily share volume is now 2.8 million plus shares a day so it didn't even trade half of that.

Further, the 50 DMA is pretty meaningless at this point from a technical trade stand point as it's "inverted" being underneath the 200 DMA.

For any kind of technical/chart and trend reversal to take place, let alone be confirmed on high volume, the 50 DMA would need to climb to above the 200 DMA and stay there- presently about .0180

Until that happens- if the 50 DMA stays under the 200 DMA, it's in a major, sustained downtrend and major technical weakness.

My barely one cent's worth