Applied DNA Sciences Inc (APDN)

[Imperial Whazoo]

I use a Fib retrace tool that displays .382, .50. .618 & .786. So when I see a professional maneuver like the takedown a minute ago, the thing to do is to use the Fib chart tool and see if they are being guided to any of these Fib levels as their apparent retrace levels.

Sure enough, the move that started on the 14th had a low of .1285 & it ended on the 24th with a high of .2965.

So I get these retrade levels off it:
.382 = .2335
.50 = .2135
.618 = .1936
.786 = .1652

So my guess is that there are some trading desks messing around with this little player and they are using Fib levels to guide them as the manipulate us.

The 61,8% appears to me to be what they targeted in this shakedown. And the volume is not impressive, so its not like they managed to stampede a host of weak hands.

Sometimes, they actually try a stunt like this just to see how much saturation there is in the "weak" hands who get spooked at the first "BOO!!!" to get uttered.



If they try it again, look for the 78.6% retrace to be the next shakeout point. In the mean time, as long as the number of weak hands is this piddling ass low, I lll buy whatever shows up on a volume bar at the bottom of a mini-wave.

Peace.

Imperial Whazoo