once more unto the breach, page-27

My personal opinion of today was they gave it a little leg up in the morning so they could sell what they picked up yesterday, perhaps scaring a few that went short, you see if today had been all buying the bar would have finished on its high or close to it, I think after they sold their cheap shares they stepped out and let the market be. Now it doesn’t look the market was overly interested in dropping to far without a nudge from above.

Once again though they have a two way bet going making everyone very nervous, and you’ve got to give them credit they do it so well, it makes it very hard to judge, and the market is jumping in on either direction.

This is starting to look a bit like any of the short covering humps on the way down that we have been through, except for one thing that stands out to me, that is that at the bottom of the run down where they cover their shorts the volume has been high or rising, then at the top of the hump up after they have sold again the volume drops off and is low or falling, obviously they don’t participate to much in the drop off as they want to buy down lower. Now this time around the low was at low volumes and after a bit of distribution on the high we are still on high volumes interesting hey.

What does it all mean? Well they ran out of supply at the last lows finally, and now market sentiment has made it difficult to take it up at full speed so they are making some money on the side, as they do (idle hands make the devils work), it’s that up and down I mentioned last week, perhaps this is the best they can do under current circumstances, with whatever fear is in the news at the moment pushing down, and the TOL pushing up it certainly seems to be constricting their movements. I think they want it up but they are having to hedge there position each day as global fear is out of hand and there are no guarantees (guess they shouldn’t of pushed that Greece thing so hard, for this stock any way) besides the same smart money is making squillions of dollars on other stock in markets all over the world, shorting and pushing down and taking the money from the weak (if you thought governments were in control you are wrong).

So where does that leave us? Well we are the fortunate ones that have a TOL coming (can’t say the same for many others that are hurting). When will it jump? Well is it entirely unreasonable to say the TOL is late because we are waiting for broader sentiment to be a little less bearish. As I always say do the math and follow the money and you will see who is driving (and for those with a sense of humour, I don’t have my coffee in a locked canister in the fridge).

So any way here are the charts for those that don’t have them, I didn’t put to much info on them as I think they are self explanatory but of course if any one wants clarification just ask (I was a bit confused by Mitta’s stuff in the beginning too), hopefully we will see something from Bot and Adsy (and I hope all is well with Mitta’s health and that Timmo can reverse out of that short data)