InvestorsHub Logo
icon url

mkt_screwed

07/31/08 5:24 PM

#15561 RE: wolf2802 #15560

Well almost 4 MM shares traded adding up to around $18k is pretty small really. Maybe a retail trader decided to cashout and readjusted his portfolio allocations. Now if we have 20 MM shares traded, then I'd be concerened. I think we're all waiting for the next piece of news out of TNOG.
icon url

Irgitupp

07/31/08 5:35 PM

#15563 RE: wolf2802 #15560

I am not sure could be

it is just news tomorrow. If you look at the chart for the last months you will see that the price gaps down the days before news. Like in the begin of May when the last real upward spike happened and like a littlebit in July 6th. This sometimes happens when someone buys in before the news. I think it is so because at the start it was a very large buying started at 0.0040 (green candle large spike). It really looked like a buying.

-AROON looks still OK. Down 28 (red) just before something great can happen. It did'nt turn up. And the green is still strong (25) UP 96

though Wilders ADX the green and red crossed a bit.

But then of course I could be wrong.

I added at 0.0046