STX Charts, page-1532

I tend to ignore "manipulation" theories and complaints till I can actually see it. I have to say I've never quite seen it or watched it in action to such a level as to what is occurring with STX.

First off everybody is aware of the ubiquitous "doji" bar and they are in black on my chart. It is normally a bar that indicates indecision and with volume at the top or bottom of a trend indicates weakness in that trend direction.

The doji that occurs on light volume mid trend is an indication of the pro's swinging the market hunting for supply or demand or stop losses (sometimes all of these things). The light volume is because nobody else joins in. When they get their answer, the next day usually indicates the result ---- for a long time with STX it's that they've found supply is readily available or there is little demand. Call it shorters or sellers it's irrelevant, it's supply and little demand (except demand testing).

As I've already mentioned I've never quite seen it like this in a stock, so prolonged and frequent. It will end sooner or later, that's a given but no chartist can say when or more importantly at what price.