dont loose the plot, page-34

Trade4Profit posted:

"... we have been on a downward spiral, with every day a black day typified by late afternoon selling which pushes for a close below the daily VWAP.

These are accumulation related trading pattern, where the stock is puposelt sold down to establish a lower trading range each subsequent day...the view of course to load up from previous sales, or indeed new buys at lower levels to replace short sold stock...or indeed, price manipulation to facilitate lower placement issue prices."

Comment:
I agree. Any of those interpretations could be correct. There is also another possible reason though why some stocks have persistent late afternoon selling which results in a close below VWAP. That is investors and traders, seeing the stock continuing in a downtrend, finally give up and decide to bail out towards the end of the day to prevent any further losses and that being the case they don't want to even risk holding it once more overnight for fear of what the Dow might do. Now that may or may not be a wise decision.