Lots of funny business in today's tape but the tre
Post# of 39368
Lots of funny business in today's tape but the trend is still up
When I start seeing increased volume on the ask, and increased volume on bid, along with the closing bell paint jobs, it tells me someone thinks that they know something.
I'm not saying that they know anything, only that they think they know something and that they are betting/manipulating accordingly.
Nonetheless, the trend is up. Price is below the 20 DMA, but it is really just trading sideways to up and not angling lower. If we had a trend of lower and lower closes below the 20 DMA, then the trend could be at risk of changing.
However, if you look at the chart below we basically have been channel bound with the exception of the rally up to 4 cents. As you can see, price fell back into the channel.
[IMG]http://i.imgur.com/Esq89i7.png[/IMG]
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