Friday, May 16, 2014

Firday


341
23.41: MM buying this atm GDX

337
my data says that tho GDX had red daily candle yest and today (today smaller thus far), this is why:  MM were buying, then selling, then buying lower. BUT the total amount bought was always higher than amt sold, thus they have a net accum for the day

they do that for 2 reasons: to make money profits on 5 cents at a time, and to keep price down as they just keep buying back what they just sold

334
he last 5min candle in gdx was MM accum not selling

332
23.40 gdx is an old inv bank buy level

318
no signif accum or distrib by MM in GDX right now, will see if that changes by 4pm

1219
MM are buying GDX in the background here at 23.43...it could drop more but they are accum

1141
4pm sys is still on hold shorts, because of late day bounce yest it did not trigger "take short gains and reverse long". still short for now

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".


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