thanks for the kind words guys. Glad I can help out a little.
Just recap that block move yesterday...
What we saw in the first hour of trading was fairly low V (about 2.5M sh) come through, but all buying. That got the price hopping up a bit and MM's in that current book starting to raise offers. The price hit .0145/.0147 and as soon as it went over .015 (the 20SDMA) and the offers were being hit consistently, more V starting coming in. 2.5M sh quickly escalated to about 4M, as offers we're being tweaked higher as you would expect. Why sell lower is buyers are hot to buy? Then, when the offer hit .0176, and other offers were still moving higher, VERT's client stepped in about that 10:30A mark with a Huge block of shares for sale @ .017. Now clearly, if VERT's client was benign (and fair market), he would have been raising his offer like everyone else was. Instead, VERT's client was malicious and only stepped in to cap the exuberence. Had that not happened, prices would have easily gone over .02 yesterday. So how did VERT's client create the block? He saw huge buying lining up and so put up a Huge Block of shares, bigger and anyone else had for sale, which allows his offer to stand until filled (or he decides to move up or pop out altogether). But if he stays in, his order MUST be completely filled before anyone else can sell shares. So, what VERT's client did in effect was soak up most of the buy orders that came in with a .017 limit (meaning he could fill anything at .017 or lower..which he did as there were also a few .0168 trades). So VERT filled multiple buy orders (bids) with his one single huge block of shares for sale (offer). That's why all the trades in the L2 ledger were in gray. Because they were all part of VERT's larger block offer. And in this way, he soaked up 3M sh in buying at one price, rather than allowing other FAIR MARKET offers to see if they could entice buyers with higher shares. That's the power block manipulation and it is employed in many different stocks. In SIRI we saw it constantly, and it's a form of price control by the agenda.
And that's exactly what happened. When VERT's client was done soaking up the remainder of that buying spree, he just popped back out and wasn't heard from until EOD when he came back to kill the 3 .015 offers (which if allowed to stand could have caused a close at that price and therefore at the 20. This entities agenda now is to keep the SP from closing at or above the 20 since this will trigger much more buying (as was shown yesterday morning). The minute the SP went over the 20, that's when buying pressure picked up and V went from 2.5M to 4M. And if you add in the 3M that VERT's client sucked up ( from 4M - 7M), you can see where the prices were headed yesterday were there no block done. Would have challenged the 50 and 200 easy.It was a move of desperation by the other side. And that shows that it's now just a matter of time until the right level of buying comes in. And it shows you how desperate they are to defend this 20SDMA. Without the price underneath it, they won't have a chance on holding this one back.
What we want to see now is how the SP trades with a flat 20. In the past, the agenda has had a down-sloping 20 to always rely on. Now they do not. So why is that important? Because now the flat 20 is a level ceiling (or playing field if you will). There's not another low point up the road to count on that still resides under the 20 as it continues to fall that they can play off of. Those easy days for them are now over. Now, if the SP stays tucked under a flat surface, powering above in much more imminent. We shall see what happens next.
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