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I have noticed on the "up" days there is no money flow associated with the price move. On days when the stock is being traded on average volume, for example last friday, large money flows occur. Last friday 72 small blocks traded on positive ticks (+$687,000), and 64 blocks traded on negative ticks (-$737,000), with 2 large blocks trading on positive ticks (+$261,000). Whereas today, 137 small blocks traded on positive ticks(+$1,600), and 116 small blocks on negative ticks (-$1,100). And, 9 large blocks on positive ticks (+$1,400), and 4 large blocks on negative ticks (-$700). There is practically zero money flow associated with these trades. It's staged by the market makers to mask distribution. Remember the chart someone posted the other day, you know, the one showing "the pattern". I noticed that pattern a couple of months ago (and I sold calls pretty deep in the money because of it). That pattern is saying exactly what I'm talking about. The stock will not get above 15 1/2 (unless some BIG news guaranteeing increased earnings comes out), and the stock will trend back towards 11 1/2, probably by the end of options week. JMHO. |
