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Re: scott1966 post# 52167

Sunday, 06/02/2013 3:25:50 PM

Sunday, June 02, 2013 3:25:50 PM

Post# of 796631
I've been playing this game for over 33 years. Fridays am dive wasn't a market sell off, not at all. When most hedge funds want to buy in they'll either short a stock in a large way by going naked, or consort with a market participant, like arca. When the reach their target prices you'll noticed that volume on a V bottom will look mirrored as to how it came down, going back up. This says there is currently a desperation to accumulate shares at these levels. If not, the volume would have stagnated at the bottom showing that there was no intention of cover, just yet. This will fly this week, so be prepared. ~ C4