ZN Weekly chart(s)~~~ Down –16.76% or -$0.310 to close at $1.54 on volume of 1,982,865 down from 4,209,011 last week. * Dollar volume matrix for week: Average 5(4) day Dollar Volume per day was $1,293,219 ($1.68 X 769,773) down from $1,371,369 last week. http://www.profitspi.com/stock-quote/zn.aspx
~~~ Anyone notice the 100 shares flag?? This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. ~~~ If we have a green candle Monday we will be in a reversal. http://thepatternsite.com/LadderBottom.html