Adaptive Medias Inc (fka ADTM)

[Imperial Whazoo]

Basically, we had a parabolic yesterday so the normal thing is a pullback into the body of the parabolic day. MIMV was a red candle day today due to it closing below it's open. It was green in that it was up on close from yesterday, but in the day itself, it was red (down from the open).

Here was what I was looking at during the day; a comparison to a parabolic day on another chart, and I need to tell the symbol so people can pull it up and learn from what I was thinking could have happened to us.

Compare MIMV to ANTS to see two similar parabolic days. But we are better off, IMHO, and with that in mind, look at the run after the second day in ANTS & project what that could imply about MIMV.

If we had acted like ANTS, we would have closed back inside the candle body of the parabolic day on lower volume, and what had me worried all day about MIMV was that volume was so high in the morning that I was sure we were going to see more volume today than yesterday

And, in fact, we had that happen. More volume today than yesterday.

What worried me was, since the volume in the first 2/3rds of the day was so high, and since there is a tendancy to pull back into the body of a parabolic candle, we were highly likely, I feared, to see a higher volume day where the close was a retrace into the candle from yesterday.

Again, compare ANTS. The second day, which was inside the parabolic day, was on lower volume AND, then it did a three day run, big time.

So, with MIMV, I was concerned we would close inside the parabolic from yesterday AND have higher volume, which, IMHO, would have doomed us.

But here's the deal:
Since we closed on higher volume above the close of yesterday, I think we have a very health chart.

In fact, IMHO, I think closing as we did puts us better off that ANTS was for day 3 of its run.

IMHO, this is because we did three things:
we closed the gap
we closed higher day to day
we had higher volume doing so.

I like what is happening here a lot; this is not a bad setup, IMHO.

Not saying its guaranteed up from here, but I like our chances.

Imperial Whazoo