More bullish consolidation above the 20 DMA and be

More bullish consolidation above the 20 DMA and below the 50 DMA

We all saw the tape today, there was fluctuation and the usual games but at the end of the day we're really unchanged and trading sideways.

One thing I will say though is that I kind of like this price consolidation here off of the lows because it gives time for pressure to really build. In our June/July rally it was a quick up, then retrace, then slow bleed down.

With the financials and lots of news catalysts due this month, I would not be surprised to start seeing a slow melt up on the tape. That is actually the best way to kill a short seller, a steady up trend with fake outs on the pull backs and then boom right back up.

I got caught on the chin shorting NFLX and AAPL on the big boards on such a move, and was saved only by my stops and position sizing. The TECO bears, however, don't seem to play by those portfolio management rules.

They are the bullies of this little sand box so, instead of keeping the position small or stopping out for a loss, they keep using more leverage to try sink the stock. This is fine and dandy if they are only fighting against disorganized and uniformed retail investors of a crappy stock, but that is not the case in TECO.

Their biggest problem is that more institutional investors should start nibbling on this position soon, and once Treaty clears 500, let alone 1000 bpd, they will start buying in large chunks.

[IMG]http://i.imgur.com/AVXHP.png[/IMG]