today was non-conviction, heaped on Holders selling to many...

today was non-conviction, heaped on Holders selling to many willing buyers - the latter are usually retail, the former based on the constant volume stream, were instos and traders...

today ended with a piss weak doji

based on what it came off from, there clearly ain't conviction big wallet buyers around atm - there is retail support though.. a comfort zone the large holders are willing to sell off into

today only served up another heaping of uncertainty, based on holder selling (check the course of sales, friend)

the chart doesn't say anything different after my weekend post, except that we didn't plumb and fill the gap.. - if you think today's action was any form of strength and support, then you are delusional...

the lower pitchfork always looks good when the sine doesn't go to meet the medium in this structure.. but in this hard core lower stakes game, and after the extremely high daily volumes of the past two weeks, this is still a stock poised to drop if the instos and traders can't catch a break on enough retail stupidity... and if they those big traders/instos can't catch a break, they'll drop their loads and move on, meaning some form of dynamic drop somewhere

if you think the DOW is all of a sudden going to perform weeks of upwards growth, you are delusional

we sure ain't as a Biotech stock meant to take every Wally St shock, because we are science based et al.., but we will for the time being, for so long as instos can buy cheap to hold and sell for later, and for so long as short traders see a good turn around period, be the subject of intensive daily volatility.. get use to it, and man up

but one thing is true - this is an announcement driven stock, and based on the last few days and weeks, it is suffering from a lack of same... so get ready, mayhaps..

for now, the doji reins supreme - this baby on more bad DOWs could agitate lower and lower yet again imo

good luck