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Friday, March 02, 2007 8:24:09 AM
I think this is close. The MMs post alot of 5k trades when they want this to move one way or another.
Yesterday they posted a ton of them at .0012 and this to me is a sign. May sound silly but I look for signs like these and follow the MMs very closely.
When we were at .0016 not too long ago with tons of buys the MMs started to slow down the volume by giving signals to each other with sells at .0015 until the bid dropped and then it headed back towards .001 level.
Next week should be the start of a nice move towards the .002 range but we do need alot of volume to get this rolling.
Whomever the seller has been in the last few weeks looks to be almost done in my opinion.
I will be watching closely and once this does start to move I will be putting alot more money into it. I have a nice position now but will wait to add more once it shows great bid support and strenght.
Also keep a close eye on EVSA, CHNW there both gonna be nice winners from these levels.
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