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Thursday, April 30, 2015 12:21:18 AM
Today was an interesting day with mixed indicators. It broke a string of 9 days in a row where the VWAP had risen. But at the same time, it was very low volume. Typically, I discard low volume days like this regardless of whether it was a green or red day -- at least I discard it insofar as trying to use a low volume day as indicative of any trends. I think that the last two days of the week will signal to us whether the trend will continue up (with today simply being a "breather") or whether more shares than expected of the 12.4M total shares that printed in the .06x-.08x levels are going to be flipped and that the resistance that began in the upper .09x level will be tougher to crack than we thought...
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