Muscle Pharm Corporation (MSLPQ)

[hotrod34racer]

Lets look at Fridays MSLP chart

After market closed it has formed a nice 90 deg angel, this formation rarely ever moves sideways. With support at .06 and .05 below down for Monday doesn’t look very likely but there is also strong resistance at .09-.10



Let’s take a good look at the volume as well, it is slowly going down with more sells than buys but this makes perfect since IMO. Looking at the chart you can see that during the three day dump these share had to go somewhere and that somewhere was to the MM’s, why? Because that’s there job! If you have ever read the rules for being a MM there primary job is to create liquidity in the market I.E. if you click sell and there is no buyer they are required to buy those shares, and if you click on the buy and there the only seller it goes down as a short sale because there was no seller the MM’s sold there shares to create the required liquidity.



The good news is that it looks as if they have ran out of shares at the .06-.09 level so now we should see a nice push to test that .10 where again they will have shares to feed the masses again but if it breaks and hold that .10 it should continue to climb to test the .20 with results that are very unpredictable all depending on the rate of climb I.E. fast climb she will come crashing down due to profit taking slow climb and she could start a new long upward trend but who really knows?

This all just my opinion but I thought I would throw it out there for all to read! Lol…

Cheers \_/