Shearson Financial Network (fka SHSNQ)

[mjc1]

Circlegridder...

Not sure I agree there. MM's have been trying to shake loose shares for a month now. During that time, the Money Flow/Acc Dist has actually gone up. IMO it will take a negative news event (either industry specific or company specific), or a large dumping of shares into the float, be it naked shorting or large holders selling shares.

The big volume day you say WILL happen suggests some sort of capitulation. Don't think that's happening. What MAY happen is a big intraday drop on signifcicant volume, but IMO those shares will be quickly bought up and the stock will bounce intraday.

BTW, what's your definition of a big volume day? I'm OK with 5 million or so on a down day, but only one. And preferably no big red candle. If we get into a 10 million + down day AND a big red candle, I would be concerned.