For 8 weeks the market makers have been shorting and filling all bids.
Soon, they will change directions and make investors hit the ask. Why?
Looking at the chart,t/a, they have two gaps in action to have accumulated a large
amount of inventory-shares. One, when the opened this .015 down from 13 to .1155
and the other from dropping this below the .068-.10 support, on a mere 1 mill vol......
Probably to frustrate and cause selling for more mm accumulation.It should have taken
5-6 million to break support at .068 after basing for 7 weeks there.
Today it broke,pierced, the .068 resistance area.....a very good technical development
on the daily.
Glad I bought more yesterday......when they,MM's , change direction and go long...
They will push it hard. Especially with news.
I believe we will get at least one more contract from the African trip and within 3 months one from
The Middle East-Al-Rushaid..
jmho
TS