CuraGen Corporation (CRGN)

[gym gravity]

just crossed my eyes and looked at the chart sideways a few minutes ago. just noticed yesterday's spike down effectively made it doublebottomish, and a test of the 50sma at the same time. the ugly spot is the volume. the market maker was doing something fishy yesterday. I don't beleieve there really was a 2.6million share transaction that didn't move the pps at all. Am I supposed to believe the pps traded down and back up over a 10cent range in the morning, on a few hundred thousand shares and then 2.6 million go in a minute with no change in the pps? I think a ton of buying was going on on the way up from 1.35 and it was tallied and transacted at 3pm. I think it was a ploy to shake weak hands...now there is a big red volume bar, since the hammer didn't finish green. I expect a big up day smashing through 1.57-1.50 soon.

Also, despite the red close, the CMF actually had an uptick yesterday.