World Surveillance Group Inc (fka WSGI)

[lowtrade]

Just got in and checked for MMa (market makers analysis).
After Fri night chart, I saw a short up trend occuring, with long up trend holding, but weakening and the mid term equal interest, but weakening, for an over all "Stock basing, with short & long UP ahead." PS; the 20- 50 day MA also shows basing interest as they became close to equal at .273 & .279 today!

Wondered where the Gap UP came from. It was the FRI EOD aroon cross touch, without breaking the down line. Showing buying pressure which was in the traders mind set. History shows Gtel will walk down on lower volumes, as MMs gain more control and spec. traders leave.

Well the up came with the GAP, but didn't hold. Heres what the daily action told me about that. We're in MM hands with weaker trading interest.

The gap trades, the 1st 15 minutes, were larger blocks. Saw several over 100k and more at 40-60k. MMs had the orders on their desk before open and started the day to go get them fast. They did, and then went the number of orders slowed, went right back to their slow walkdown mode.

There's another number that should be watched now, number of trades per day. It will go down from here, if spec. traders leave. Showing more strength for MMs.

Once again, history says this will continue to lower until another news event draws back spec. traders. I won't guess at a bottom, but the next support level is at .18.

IMO if we didn't have the MMs working against us, the Aroon long indicator of a long up trend would hold. But they are there with weakening volume, so I say TA will lose and MMs win.



We'll see.

Success!