Good News & Bad News, page-44977

Not sure about maxed out their shares available to short - not a problem for deep pockets.

To me, capitulation occurred on 21 June, after that has been supply testing to see what and where supply is available. Also during that testing period lots of long upper wicks, so buying pressure coming through from retail and insto competitors. This matches the rise in % to keep control within the target range,
they have tried this in previous accumulation periods, but the difference this time is the cupboard is getting very dry and it is harder for them to shake the tree and get a positive response (shares being off loaded). During the test period daily volume was decreasing (be good to know how much of the daily vol is short movements - recycling, new, cover, etc - IMO a high percentage of each day probably and increasing to control the situation). Volume on down days is low, no panic selling, methodical depression (expending more shorts) to see what's there.

The lowest they could take it was 2.77. They couldn't go further down as no-one was selling into it apart from themselves. The reward is not worth the effort. The last few weeks have been expensive to execute the tests - but necessary to allow proceeding to the next phase. Other test periods at higher trading ranges have failed as the back tests yielded adequate supply for the game to continue.

This is a long game being played out over many months/yrs, and likewise the outcomes and changes desired by them (and us) will likewise take many months to be visible and realized. Patience is at a premium if you ain't got the deep pockets. It's a long game. We are just sparrows waiting for the crumbs, hiding under the bush ready to hop out and in again when those crumbs come, and hoping we don't get swoooped by an eagle also trying for the same crumbs.

Its been a great day today. A bit of sun, Spring is in the air.

Good luck all. Patience.