More light volume games Same game all week. Bears

More light volume games

Same game all week. Bears whack the bids down to the 50 DMA area and bulls keep accumulating, if they can get a fill that is.

With the addition of VNDM as lead ask sitter, it tells me that unless someone has 20 grand ready to throw at ask, the best policy is to just sit back and let this thing play out. If you remember the higher low pattern from mid May to mid July, the bears basically tried to demolish the support line every day, occasionally getting a few pierces but never succeeding at breaking the support line.

I don't think that the move back up takes that long this time around. If someone comes in with volume tomorrow to lift ask, I think it could squeeze the bears. However, as mentioned earlier with VNDM on ask, the chances of that are slim.

Next week is going to be a light week of trading since most traders take off early for the long weekend. Then, the following week will be a holiday shortened week.

So what I am getting at is that although we could get a catalyst to pop the stock any given day, you should not expect a big move until after labor day.

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