>>>On the intraday chart it looks like every time volume kicks in, the stock price goes up. IMHO, it means that people sitting on sidelines are buyers, not sellers.For now at least. Just MHO.
Yea, it has been interesting again today...isn't this right about where, in price, that our mystry block of 200,000 shares came in? Really funny...if this keeps up...we are basing on the old tops, which would be ok by me.
I wrote that piece about Wednesday trading. Thursday's picture was the same except on half volume. It looks to me that someone keeps quietly scooping up shares from profit takers. Falling volume tells that not too many shares are left available at this price, and price may have no choice, but go up. For some reasons I see the next stop at $38.
Excuse me for this exercise in wishful thinking. The truth is , for the stock price is much better if I get back home after midnight. If I can get my hands on the computer during the day, nothing good comes out of it.
BTW, today I have to stay home at least till noon. It's about the time to go to bed, so I can start watching the market from the opening.<G>
P.S. I couldn't find 200,000 block on the chart. Total volume for the day was just slightly above that. That was probably a spike on your chart. |
