PacWest Equities Inc (PWEI)

[soccadoc]

Today was a perfect technical trading day. Opened slighter higher than yesterday's close, retraced to the 50% Fib level for yesterday's gains, then closed up slightly from yesterday's close on decent volume. What's the problem here? This consolidated nicely without selling off and APS is still promoting it. I look for maybe a 5% increase on Monday, possibly closing in the low to mid 9s, then a big day Tuesday or Wednesday. Then a likely dump Thursday or Friday back to the 6s or 7s. Then, if APS is still pumping this, the real fun begins with a retest of the pre dump levels and then a breakout above. That is pretty much the way the majority of APS plays have gone the past few years. Not rocket science, just pop psychology at its best and most profitable.