Expect more bidwhacking this week As I calculate

Expect more bidwhacking this week

As I calculate my accumulation strategy for MPIX, I wanted to point out that I think that we should see a big attempt to shakeout on Monday and especially Tuesday. When I first got involved with MPIX and it was putting in a low, I noticed that the shakeouts took place on Tuesdays 3 times in a row, heck I think it was 4.

They probably will have the benefit of Monday morning dumpers exiting the position, and then really go after it on Tuesday. Then it starts going into Labor day volume again.

I shall be looking to buy anything under .003 which is the higher low support line, having already done that a little bit last week. The bashers will be scaring out the weak hands saying that the 50 DMA is broken, blah blah blah. Nonsense. Closing below support one time does not indicate a broken trend. You need more closes below the lows in order to make that assessment and it will be hard to get down much lower since there is the higher low support line.