Below a question kindly provided from another site - thank...

Below a question kindly provided from another site - thank you

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To any of the Volume Spread Analysis traders, does this chart pattern on BBG look like the old "bag holding", vsa experts talk about that happens very rarely.

Bag holding is a term that describes when a stock is in a major move down with a large volume sell off and the news is very very bad and it shakes all of the weak holders out of positions and transfers the power from the weak holders to the strong holders - in most cases professionals.

It normally comes into fresh low ground with volume very high (today was the most volume in BBG's history) with a small trading range. They used to say the bag would be held open (capped) at a certain figure and they would let the profits just fall into the bag one after another of the weak holders getten shaken out.

It seems to fit the experts definition of it, so if it truly is bag holding, we may have just seen the power move to the professionals who would never have thought they would get the company in the 1.70's a week ago....they stand to make a lot of money if this is the case.

Any VSA traders like to comment on their view?? I have seen the overall view from traders in their comments today.

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