$TPAC Nice to see the RSI cooling so dramatically. A couple days of red and we bottom, primed for the next leg up. The company will have a great chance to scoop shares and further tighten the float with greater rapidity as the price per share becomes temporarily more affordable. There is going to be three or four way competition coming: 1) longs and traders looking to add 2)shorts looking to cover 3) company seeking purchase 100's of millions for further share retirement 4) market makers 5) Wild Card - possible start of institutional buying in large blocks.
Each run, or leg of each run to be more specific, sees only three to four days of red following an uptrend. Boeing news is on 1/8/16 and today is 1/4/16. The timing is perfect for a set up to turn back around on the 8th if there are three to four red days, including today. Also of note, we still have yet to see any really large green candles. This is still just steady climbing. We could see a few monster candles on news once this float shrinks again via buybacks and stronger hands adding the dips. 2016 is going to be a lot of fun!
