well my closing guess was off. however i was about to post to not be surprised if we test .0028 over the next day or so. i do not expect price to remain under .003 for long, but mms do like tests.
i also go back to those comments yesterday on the 100 share counts, you know those signals that were discussed. now nothing could be done about them during a day of a pr. however today?
ok so mm1 says i need shares, help. it is a message, one that could not be answered yet.
today however interest wanes and volume slows. price can be walked down on low volume sells. this happened first thing this morning. sells outnumbered buys. no pressure could help pps.
then the buying started. in fact more buying than selling in large chunks. yet the pps did not move? in fact it went down?
why?
that was mm1 buying. message was heard loud and clear, other mms responded. brought price down and filled orders at the designated level. if you were lucky you got in again there, not out.
the only real question is, are they done? how many buy calls went out yesterday and how many of them were filled?
we will get some sense tomorrow. if price still stagnates yet big buys occur that means they were not done.
what does this mean to me? good question. let me answer with a question. if big bad mm1 wants shares at these levels where do you think pps will go when he gets his fill?
my new guess is the 200 smooths out between the .003 and .0032 level. will it be a fight? if there is no pr yes. if there is, no. either way it will break and that my friends will be the last major battle for a while. the last break of the 200 was kind of coincidence. now that it is on the chart and begins to level the real break can occur.
