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Re: None

Friday, 10/01/2010 11:59:12 AM

Friday, October 01, 2010 11:59:12 AM

Post# of 55136
in every transaction there is a buyer and a seller. right now there is no pressure to hit the ask. we can not tell who is who in a transaction, could be mms 'selling' to make a market. no way of telling if they are selling real or short shares if this is the case.
even if it is investor 'selling' volume is so small it does not really make an impact either. only if it is shorting is it possible to make an impact, but still minimal.

no the main thing is pps is consolidating and flat, not going down. not going up, but not going down.
the good thing is the hourly chart is waaay oversold. despite bid support leaving, which is did yesterday then ended the day 4 deep at 9, we are due for a turn. prefer not to see 8s but if not today then by monday the 10 game should be back on.

i dont think it will break by then anymore though, new sort term potential target is the 7th. will know more after the week closes out today.

My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion