Good point, I agree. Technically there was realist

Good point, I agree. Technically there was realistically no hope of keeping the MFI pegged up at 100 or even 98.9 which is where it was going into today and there was still aggressive price action in the early part of the session during the days primary volume; volume declined throughout the day. The other difference in this run versus the ones in the past is this is the only recent run whereby the ADX is low and only just beginning to turn up whereas all the other runs the ADX was already lofty and peaking when the PPS hit local highs; not to mention the high of $0.0041 was taken out by todays $0.0045. Also interesting that the low of the day only hit the higher Bollinger Band level; all other runs the intraday low of the day at the peak suggested lower prices because it sank below the BB level as well as other moving averages, etc. I do not think many where predicting we would see another record volume day after we already witnessed two record volume days in a row. Volume preceeds price so IMO the tale of the tape depends primarily on volume in the coming days and weeks. IMO the PPS fluctuations are quite meaningless, especially when one considers that 80M new shorts were created yesterday and about 45M new shorts today so with only 110M total volume  along with about 41% of the volume today as short sales, there are indeed shorts not getting covered right now and if we assume they all are then it would mean all of the rest of the volume today was covering and even then there would still exist some outstanding shorts that need to cover. It is quite astonishing that even now shorts have not learned their lesson and continue to short over 40% of the daily volume. Hmmm, bacon in the air, do I smell?!

GLTA

$RFMK