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Ryoko

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Ryoko

Re: Rawnoc post# 253308

Friday, 02/17/2012 10:16:26 AM

Friday, February 17, 2012 10:16:26 AM

Post# of 275594
I would love to be wrong. The retracements are getting really old.

What I'm watching to gauge the price support is the number of MMs in a given price range. In this case, it was the number of bidders at $1.50 or higher. We had between 9 and 11 earlier this week. Yesterday, it was 5. Now it's down to 3. Two of the larger MMs (ETMM and CSTI) have moved down to $1.45. It looks like buyers are moving to the sidelines.
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