waiting game, page-58

It's been a similar sp pattern for the past build-up to announcements. Each time it starts to die in the arse as it gets closer to the ann.
The more we get closer to a binary outcome type ann the greater the die back.
Would not be so surprised to see NEN creep back (or a sharp fall) to mid-20's if the waiting continues into late next week.
The market also watches the technicals to trade on - so take a look at the RSI - a distinct down trend as NEN has broken down thru 50 indicating ebbing support/confidence. MACD also falling below 0 on a slow deflation pattern - it's losing momentum. Volume's decreasing to a trickle. Same patterns as before.
Maybe it's the same conspiracy, dark pools and shorters at work. Or maybe there are traders amongst us selling down on slow news to buy back at a more attractive price - done it before myself. Not a bad strategy for stocks like NEN - but you can get trapped out if you're unlucky.