Monday morning monkey business As mentioned last

Monday morning monkey business

As mentioned last week, this is the week I expect for the move to begin off of the lows. This is primarily based on the chart pattern highly resembling the setup from the late June early July pattern and the oversold conditions. I am not looking for any specific magic bullet news item for catalyst, as I showed last week there are multiple other stocks that have zero oil production and zero oil revenue for this year, and for that matter 10 years in some cases, and yet can manage a pop based on chart pattern.

This morning it seems that bears are doing their best to discourage buying. At 10:22-10:23 we had a little bear raid. Even if you want to believe that it is one discouraged bull dumping, that would not explain the bidwhacking occuring at 10:23 for 4,961 shares, then 11:10 for 4,500 shares, following a double ask slap, the 45,000 bidwhack at 11:29 following an ask slap for 5,000, and then again the bidwhack at 12:01 for 2,440 following an ask slap.

In addition, if you look at the hourly chart you can see that the bears are positioning ask volume along the 50 hour moving average which is the red line.

As we sit here at 52 week lows and all of the griping is resurfacing, ask yourselves this question folks, if things are so bad with Treaty, why is it that the bears have to keep monkeying with the tape?

Why can't they just let it fall apart and implode on it's own? Why is it necessary to taunt us with a 4,500 share bidwhack, followed by a 45,000 share bidwhack, accompanied by ask sitting?

I'll leave it to you to decide. They ain't getting even a single share of mine.

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