NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

DAILY CHART

Mixed.

Aroons have moved into good positions and last Thursday NEOM closed at .0028 while Wm%R crossed -50 to the upside.

However ADX +DI/-DI aren't playing along yet, stubborn rascals.

Acc/Dis up-ticking a bit lately but still in an overall 'downtrend'.

MM's seem recalcitrant to take the sell pressure off when , if they wanted to , they could lighten up a bit and let the PPS float up higher.

I guess they might figure changing horse's mid-stream (again) isn't the kind of 'news' which will pull in significant buying interest , so they're selling as best they can.

With 'retail' buyers (at the Ask) last week being able to pick up some shares in the .0025 , .0026 and .0028 area , MM's are giving them Bids of .0031 if traders want to scalp a quick 10%-20%.

Of course the MM's were buying at the Bid last week from .002 to .0025 so, selling at the Ask of .0033 late last week and this morning is netting them 30% to 60%. The House has the edge as always.

JMO -jonesie