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H. T. Love
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Spent over 30 years in computer systems work, many different functions. Owned my own business for awhile. Got tired of it (managing employees is not my baliwick) and stopped doing it professionally. Did other things, off and on, for some more years and finally bumped into this investing/trading... More
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  • AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 04/08/2014

    Links to blogs older than the 01/01/2014 version, PIPE discussions, one year charts will be found only in that and older blogs. Most historical short sales related stuff has also been chopped.

    In the below chart the volume is inverted to enhance readability! Be aware when you view it!

    (right-click and open in new tab, position cursor over image to be able to zoom and scroll)

    AXPW Intra-day Statistics Chart 20140415

    Next are modified inflection point calculation charts bracketing a price chart for comparison. The false bullish moves and contrary moves of the 5-day are gone.

    The two identically calculated inflection points are calculated differently from the original above. I have two different presentations of this newer version. The top one has all periods on the same scale. The bottom one has longer periods on the left scale and shorter periods on the right scale. The hope is that shorter period changes will be easier to spot. More work to do, this is a start, hopefully.

    Other changes I want to try are still waiting for me to work on them.

    (right-click and open in new tab, position cursor over image to be able to zoom and scroll)

    AXPW Intra-day Statistics Chart Test IP Calculations 20140415

    Older stuff for "2013 Dly Sht % of 'sells' values", Weekly 85% price summaries going back to 6/14/2012, and some day-to-day VWAP changes stuff going back to 10/09 are available in AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 10/1/2013.

    "Dly Sht % of 'sells'", inflection point calculation values, and end-of-week 80% (was 85%) PIPE price factors are now only in the latest daily comment.

    The PIPE agreement was amended, changing the 85% calculation to 80%, among other minor things. See AXION POWER INTERNATIONAL, INC., FORM 8-K, Filed 01/03/14 for the Period Ending 01/02/14.

    04/15/2014: EOD stuff partially copied to the concentrator.
    # Trds: 197, MinTrSz: 80, MaxTrSz: 40000, Vol: 1357355, AvTrSz: 6890
    Min. Pr: 0.1350, Max Pr: 0.1640, VW Avg. Tr. Pr: 0.1443
    # Buys, Shares: 81 436402, VW Avg Buy Pr: 0.1449
    # Sells, Shares: 113 902748, VW Avg Sell Pr: 0.1439
    # Unkn, Shares: 3 18205, VW Avg Unk. Pr: 0.1466
    Buy:Sell 1:2.07 (32.15% "buys"), DlyShts 365323 (26.91%), Dly Sht % of 'sells' 40.48%

    I had said yesterday "$0.15 still seems the best nearby potential support point. We'll have to keep our eyes peeled as we approach though - there's a lot of reasons to suspect that it might have difficulty holding there, some of which are based on traditional TA stuff". I also posted a reply to MrI that mentioned the aggressiveness seen made me say I wouldn't want to place any bets on it.

    Today we blew right through $0.15 with, again, "all-day weakness".

    ARCA was in pre-market again on both sides with a 5K $0.131 bid and a 4K $0.249 offer. They had left the buy side by 09:35. Their first move on the sell side came at 9:59, earlier than usual. All I'll say about the rest of the day is that ARCA and the usual market-makers were very aggressive, beginning right from the open and continuing throughout the day. The usual ARCA, WABR, ATDF, CSTI and NITE behavior was evident and one usually not seen player, VFIN, participated as well late in the day.

    As with yesterday, this again resulted in a constant price weakening throughout the day, seen in the trading breakdown by time.

    Uncommonly, we did not see our buy percentage improve, relative to yesterday, as price weakened. I'm suspecting that was due to heavy selling by PIPErs, based on the very aggressive behavior I mention above, along with some retail traders or investors taking profits while they still had some or cutting their losses in what was seen as a high-risk intra-day environment. If most was the PIPErs, keep in mind they recently got shares in the $0.08xx or so range and may have more to dump. Also, we've left the time of month when we normally see at least a reduction in downward movement and often some appreciation, and see some weakness develop.

    All that makes me think, regardless of technical items, we've got some more movement down in our near-term future.

    While I'm thinking of it, I suggest you take a look at the chart of average buy percentages. Yesterday the two short periods were not looking positive at all and today the 50-day has joined the roll-over party

    I again didn't see NITE's 200K offer at $0.21 in pre-market, nor during the day.

    The average of the lowest 20 VWAPs times 80% today is $0.0996 vs. $0.0979, $0.0954, $0.0929, $0.0904, $0.0884, $0.0865, $0.0848, $0.0831 and $0.0819 on prior days. 80% of today's VWAP is $0.1154 vs. $0.1313, $0.1351, $0.1425, $0.1485, $0.1397, $0.1468, $0.1505, $0.1522 and $0.1399 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved -15.25%, -4.65%, -12.06%, 201.98% and 216.37% respectively. Price spread today was 21.48% vs. 7.97%, 14.31%, 8.57% 5.71%, 9.40%, 7.78%, 11.30%, 14.22% and 5.88% on prior days.

    The high of the day was one trade at the open of 1K shares for $0.1640. The low was one 5K trade for $0.1350. Neither looked out of place for today's action and neither was widely divorced from other trades around them. Discounting them would generally just bump into another small set of trades (e.g. the next higher was 400 shares at $0.1630, then one $0.1618 for 12K , ...).

    The larger trades (>= 15K) occurred on 22 of the 197 trades, 11.17%. These 522,600 shares were 38.50% of day's volume, and traded at a VWAP of $0.1443. 4 of these trades, 18.18%, were buys of 72,500 shares, 13.87% of the larger trades volume, and traded at a VWAP of $0.1467. 17 of the larger trades, 77.27%, were sells of 434,100 shares, 83.07% of the larger trades volume, and traded at a VWAP of $0.1438.

    The other 175 trades, 88.83% of the day's trades, traded 834,755 shares, 61.50% of the days volume. The VWAP was $0.1443. 77 trades, 44.00%, were buys and accounted for 363,902 shares, 43.59% of the smaller trade volume, and traded at a VWAP of $0.1446. 96 trades, 54.86%, were sells and accounted for 468,648 shares, 56.14% of the smaller trade volume, and traded at a VWAP of $0.1441.

    We have the third consecutive day of lower highs, lows, VWAPs and closes and we are back to seeing this on rising volume despite my hope yesterday of "Let's hope volume remains low and we don't head into a nose dive on rising volume". Today was certainly a nose dive on rising volume. From a TA perspective, "this ain't good".

    Short percentage ticked up a minuscule amount as buy percentage ticked down a small amount. With both moves being so small I don't see any incongruity with the general correlation, especially when we have high volume and big price movement occurring, as we did today.

    Full stochastic, which entered oversold 4/11 with a 17.79 reading, dropped further to ~11.91, and now tried to recover a bit with a 12.09 today. Nothing to write home about. RSI made a big move even further below neutral today from yesterday's ~48.22 reading to 39.88 today.

    The Bollingers' lower limit, which had started to roll over, continues that of course. Today's reading is $0.1514 vs. yesterday's $0.1564. Worse, or close is below it, meaning a big drop will come if we don't strongly rebound quickly.

    Momentum, which had recovered to ~1.01, a slight improvement to above neutral, plunged to 89.4, well below neutral. As I said yesterday, "But be aware this was likely only due to the low volume" and that looks to have been correct. ADX related, which had stopped weakening and went flat, also likely an effect of volume, resumed weakening today.

    We again had "all day weakness" in price action.

    My original inflection point calculations have one-day changes today with a two improved and four weakened vs. yesterday's marginal improvement in four periods and marginal weakness in two. The change over five days is split three and three. However, the rate of change over five days, which was split three and three, now has four improved and two weakened.

    The newer version's one-day changes went from the three shortest periods all marginally improved and the three longer periods weakened, also marginally, to all periods weaker, the four longer periods substantially so. Change over five days went from improvement in all periods to one improved and 5 weaker, again substantially in several periods. The average change over five days for all periods are marginally improved though.

    The newer version's chart pattern, which yesterday had the five, ten and 25-day lines showing an acceleration of downward bias beginning, has started to reverse that. At these readings though it is more a reflection of uncertainty than any indication of an upward bias. The numbers and lines are still well off of starting any pattern suggesting a strong move up might be in the cards for now.

    Here's a trading breakdown by arbitrary time-frames.
    09:34-09:59: 058350 shrs, 04.30% of vol, VWAP $0.1606, 077.2% buys
    10:00-10:29: 112635 shrs, 08.30% of vol, VWAP $0.1531, 015.7% buys
    10:33-10:59: 198570 shrs, 14.63% of vol, VWAP $0.1495, 010.0% buys
    11:01-11:31: 052740 shrs, 03.89% of vol, VWAP $0.1453, 055.1% buys
    11:43-11:50: 056194 shrs, 04.14% of vol, VWAP $0.1438, 014.6% buys
    12:05-12:25: 114664 shrs, 08.45% of vol, VWAP $0.1434, 016.1% buys
    12:26-12:54: 151681 shrs, 11.17% of vol, VWAP $0.1415, 038.4% buys
    13:00-13:31: 170000 shrs, 12.52% of vol, VWAP $0.1390, 017.6% buys
    13:33-13:56: 121000 shrs, 08.91% of vol, VWAP $0.1403, 085.4% buys
    14:07-14:22: 036800 shrs, 02.71% of vol, VWAP $0.1415, 048.9% buys
    14:37-14:53: 133369 shrs, 09.83% of vol, VWAP $0.1405, 020.3% buys
    14:59-15:13: 040503 shrs, 02.98% of vol, VWAP $0.1423, 094.6% buys
    15:14-15:30: 016350 shrs, 01.20% of vol, VWAP $0.1405, 048.9% buys
    15:31-15:58: 094499 shrs, 06.96% of vol, VWAP $0.1405, 015.9% buys

    Here's a breakdown by arbitrary price range.
    $0.1350-$0.1399: 104055 shrs, 07.67% of vol, VWAP $0.1371, 004.8% buys
    $0.1400-$0.1449: 791544 shrs, 58.32% of vol, VWAP $0.1412, 035.1% buys
    $0.1450-$0.1480: 127021 shrs, 09.36% of vol, VWAP $0.1462, 056.7% buys
    $0.1500-$0.1540: 228585 shrs, 16.84% of vol, VWAP $0.1507, 008.6% buys
    $0.1550-$0.1580: 060150 shrs, 04.43% of vol, VWAP $0.1556, 048.0% buys
    $0.1600-$0.1640: 046000 shrs, 03.39% of vol, VWAP $0.1613, 071.1% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%
    04/04 $0.1882 -01.07% 54.1%
    04/07 $0.1834 -02.52% 38.2%
    04/08 $0.1747 -04.78% 24.0%
    04/09 $0.1791 +02.54% 35.5%
    04/10 $0.1782 -00.54% 32.9%
    04/11 $0.1689 -05.18% 17.0%
    04/14 $0.1641 -02.87% 43.3%
    04/15 $0.1443 -12.06% 32.2%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    04/14: 20 lowest intra-day VWAPs in 40 days avg, $0.1223, x 80%: $0.0979
    04/15: 20 lowest intra-day VWAPs in 40 days avg, $0.1245, x 80%: $0.0996

    Vol in K, for above days: 449.48 1,357.36

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are omitted from the concentrator.

    Week ending values related to the PIPE 85% (80% 1/3/14 forward) share pricing:
    02/14: 20 lowest intra-day VWAPs in 40 days avg, $0.0973, x 80%: $0.0779 VWAP $0.1020
    02/21: 20 lowest intra-day VWAPs in 40 days avg, $0.0966, x 80%: $0.0772 VWAP $0.0940
    02/28: 20 lowest intra-day VWAPs in 40 days avg, $0.0957, x 80%: $0.0766 VWAP $0.0974
    03/07: 20 lowest intra-day VWAPs in 40 days avg, $0.0955, x 80%: $0.0764 VWAP $0.1847
    03/14: 20 lowest intra-day VWAPs in 40 days avg, $0.0956, x 80%: $0.0765 VWAP $0.1605
    03/21: 20 lowest intra-day VWAPs in 40 days avg, $0.0966, x 80%: $0.0773 VWAP $0.1704
    03/28: 20 lowest intra-day VWAPs in 40 days avg, $0.1008, x 80%: $0.0807 VWAP $0.1672
    04/04: 20 lowest intra-day VWAPs in 40 days avg, $0.1060, x 80%: $0.0848 VWAP $0.1882
    04/11: 20 lowest intra-day VWAPs in 40 days avg, $0.1192, x 80%: $0.0954 VWAP $0.1689

    Vol, in thousands, for above weeks: 7,753 (4 day wk), 5,675, 18,935, 7,805, 2,556, 5,134, 9,037, 5,515.

    On my ORIGINAL inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    ---- 1-day change ----
    04/04 +101.2% +13.0% +09.8% +08.6% +02.1% +00.6%
    04/07 -9018.7% -06.1% -07.4% -00.5% +00.1% +00.1%
    04/08 -751.1% -56.9% +10.1% -01.4% +01.4% -00.7%
    04/09 -08.8% +04.2% -21.8% +03.4% +00.6% -00.6%
    04/10 -15.2% +32.1% +16.0% +01.1% +02.0% +00.3%
    04/11 -53.0% -40.4% -41.1% +01.9% -00.5% -00.3%
    04/14 +11.4% +05.2% +15.3% -03.1% +00.5% -00.2%
    04/15 +15.7% -33.9% -12.1% -07.8% +00.8% -00.6%

    ---- 5-day change ----
    04/04 +003.0% +043.4% +029.5% +038.6% -003.7% +016.3%
    04/07 -012.7% +071.5% -091.2% -010.8% -017.9% +076.2%
    04/08 -091.0% -492.2% +015.0% -029.0% -015.7% -102.5%
    04/09 -266.1% +041.9% -076.7% +095.8% -014.4% -904.6%
    04/10 -595.3% +113.2% +891.6% -017.7% +039.1% +014.1%
    04/11 -068.1% -876.5% -429.3% -062.5% -042.4% -395.0%
    04/14 +017.5% +026.9% +072.7% -055.3% +009.2% -024.4%
    04/15 +072.6% +030.2% -232.9% -314.2% -015.5% +006.5%
    ---- 5-day rate of change ----
    04/04 -011.8% +086.3% +124.4% -011.0% -012.5% -019.7%
    04/07 -024.8% +2376.7% -1369.9% -003.4% -039.8% +014.5%
    04/08 -045.6% -069.4% +011.5% -062.2% -071.4% -074.1%
    04/09 -076.0% +208.2% +001.3% +237.4% -214.6% +034.1%
    04/10 -857.7% +001.0% +029.1% -076.1% -008.0% -255.7%
    04/11 -034.4% -100.2% -227.7% -306.3% -144.6% -132.2%
    04/14 +015.6% -13684.9% +083.2% -016.8% +042.4% -042.4%
    04/15 +080.2% +362.2% -168.6% -038.7% +016.1% +047.8%

    On my NEWER inflection point calculations, for those same periods:
    ---- 1-day change ----
    04/04 -011.37% -406.83% -052.69% -803.48% -061.29% -044.04%
    04/07 -075.36% -476.66% -166.30% -166.29% -045.06% -033.16%
    04/08 -842.46% -203.75% -333.82% -091.72% -041.83% -036.06%
    04/09 +023.86% +030.97% +040.54% +033.00% +022.54% +018.86%
    04/10 -055.92% -006.98% -068.28% -051.15% -027.70% -024.46%
    04/11 -038.39% -038.36% -041.64% -016.24% -011.59% -009.89%
    04/14 +011.62% +000.64% +013.80% -005.24% -002.49% -002.68%
    04/15 -002.57% -062.29% -063.10% -058.14% -040.45% -036.83%
    ---- 5-day change ----
    04/04 -019.35% -047.04% -049.14% -052.32% -053.29% -057.09%
    04/07 -030.90% -042.17% -068.66% -057.22% -055.87% -059.15%
    04/08 -118.27% -755.14% -239.81% -186.55% -157.71% -194.98%
    04/09 -072.36% +044.05% +002.15% +024.06% -008.41% -002.47%
    04/10 -456.73% -115.43% -275.04% -509.29% -456.64% -380.11%
    04/11 -020.93% -026.76% -000.01% +006.76% +011.25% +011.96%
    04/14 +026.47% +026.21% +042.51% +024.85% +028.92% +025.80%
    04/15 +063.42% -003.08% -004.32% -035.90% -038.37% -038.14%
    ---- 5-day rate of change ----
    04/04 -023.58% -048.47% -057.18% -057.92% -059.26% -062.72%
    04/07 -033.50% +057.91% -078.90% -061.64% -067.50% -071.69%
    04/08 -064.20% -107.26% -292.76% -162.55% -174.04% -205.20%
    04/09 -131.49% +488.77% -096.83% -127.17% -191.20% -154.25%
    04/10 -1542.38% -681.98% -303.55% -456.67% -336.83% -363.75%
    04/11 -000.29% -004.28% +027.52% +032.37% +036.20% +037.27%
    04/14 +028.19% +028.36% +052.15% +036.73% +039.82% +037.71%
    04/15 +083.91% +079.29% +054.66% +019.27% +019.79% +016.48%

    Rolling 5-day ORIGINAL inflection point calculation aggregate change:
    ******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
    04/04 5 Day +1441.06 -0745.51 +1343.91 +1323.38 +2198.20 +0365.43
    04/07 5 Day +1258.29 -0212.42 +0117.91 +1180.95 +1804.59 +0643.75
    04/08 5 Day +0112.74 -1257.84 +0135.61 +0838.76 +1520.51 -0016.04
    04/09 5 Day -0187.30 -0731.07 +0031.57 +1642.25 +1301.27 -0161.08
    04/10 5 Day -1302.35 +0096.32 +0313.09 +1351.10 +1810.53 -0138.43
    04/11 5 Day -2188.99 -0747.93 -1031.08 +0506.43 +1043.74 -0685.29
    04/14 5 Day -1804.85 -0546.57 -0281.36 +0226.50 +1139.78 -0852.74
    04/15 5 Day -0494.33 -0381.59 -0936.73 -0485.19 +0962.95 -0797.25

    Average change/day, 5 days
    ____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
    04/04 +725.53 -013.05 +018.43 +269.12 +442.08 +146.28
    04/07 +545.80 +297.20 -234.01 +259.96 +266.27 +167.49
    04/08 +296.66 +090.80 -207.14 +098.19 +076.26 +043.36
    04/09 +071.29 +279.85 -204.39 +331.27 -087.39 +058.13
    04/10 -540.20 +282.75 -144.97 +079.20 -094.38 -090.50
    04/11 -726.01 -000.48 -475.00 -163.39 -230.89 -210.14
    04/14 -612.63 -066.83 -079.85 -190.89 -132.96 -299.30
    04/15 -121.41 +175.25 -214.47 -264.79 -111.51 -156.24

    Rolling 5-day NEWER inflection point calculation aggregate change:
    ******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
    04/04 5 Day +0372.80 +0081.93 +0714.85 +1022.69 +1651.75 +2557.50
    04/07 5 Day +0257.59 +0047.38 +0224.03 +0437.45 +0728.90 +1044.82
    04/08 5 Day -0047.07 -0310.38 -0313.22 -0378.63 -0420.64 -0992.41
    04/09 5 Day -0081.12 -0173.66 -0306.50 -0287.52 -0456.01 -1016.95
    04/10 5 Day -0451.64 -0374.11 -1149.52 -1751.83 -2538.33 -4882.51
    04/11 5 Day -0531.95 -0447.50 -1103.24 -1557.73 -2148.61 -4109.09
    04/14 5 Day -0431.87 -0388.71 -0703.32 -1326.49 -1728.40 -3415.05
    04/15 5 Day -0158.00 -0400.70 -0733.73 -1802.70 -2391.63 -4717.42

    Average change/day, 5 days
    ____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
    04/04 +0148.48 +0040.78 +0158.19 +0256.82 +0396.90 +0617.64
    04/07 +0098.74 +0064.40 +0033.37 +0098.52 +0128.98 +0174.84
    04/08 +0035.35 -0004.67 -0064.33 -0061.63 -0095.50 -0183.92
    04/09 -0011.13 +0018.17 -0126.63 -0140.00 -0278.11 -0467.62
    04/10 -0182.78 -0105.76 -0511.00 -0779.34 -1214.87 -2168.58
    04/11 -0180.95 -0105.88 -0363.62 -0516.08 -0760.07 -1333.32
    04/14 -0137.89 -0087.22 -0185.47 -0352.79 -0491.46 -0891.97
    04/15 -0022.19 -0018.06 -0084.10 -0284.81 -0394.20 -0745.00

    Dly Sht % of 'sells' values JIC it turns out to be useful...
    ============ 2014 ===============
    Mon. 01/27 70.16% 9.32% 52.17% 23.63% 101.56%
    Mon. 02/03 111.49% 65.83% 50.74% 39.44% 45.93%
    Mon. 02/10 26.53% 34.19% 60.92% 50.15% 27.28%
    Tue. 02/18 44.83% 53.95% 25.30% 46.39%
    Mon. 02/24 23.26% 77.84% 112.52% 61.42% 60.59%
    Mon. 03/03 37.80% 39.30% 84.26% 47.35% 65.02%
    Mon. 03/10 49.87% 81.60% 16.78% 69.33% 161.53%
    Mon. 03/17 119.24% 54.59% 197.55% 335.39% 44.23%
    Mon. 03/24 36.88% 97.94% 50.67% 44.05% 111.73%
    Mon. 03/28 54.06% 89.25% 33.83% 65.59% 97.05%
    Mon. 04/07 45.66% 19.84% 39.98% 23.89% 12.70%
    Mon. 04/14 45.33% 40.47%

    ============ 2013 ===============
    Nov Avg: 28.42%, min: 05.99%, max: 050.60%
    Dec Avg: 29.22%, min: 02.10%, max: 063.82%
    ============ 2014 ===============
    Jan Avg: 54.66%, min: 09.32%, max: 130.29%
    Feb Avg: 50.44%, min: 00.28%, max: 112.52%
    Mar Avg: 85.68%, min: 16.78%, max: 335.39%
    Apr Avg: 46.69%, min: 12.70%, max: 097.05%

    0415 Vol 1357355, Sht 0365403 26.92% LHC 0.1350 0.1640 0.1450 b:s 1:2.07
    0414 Vol 0449480, Sht 0115500 25.70% LHC 0.1593 0.1720 0.1600 b:s 1:1.31
    0411 Vol 0876417, Sht 0092234 10.52% LHC 0.1600 0.1829 0.1645 b:s 1:4.86
    0410 Vol 0240209, Sht 0038509 16.03% LHC 0.1750 0.1900 0.1760 b:s 1:2.04
    0409 Vol 1549619, Sht 0399643 25.79% LHC 0.1750 1.1839 0.1751 b:s 1:1.82
    0408 Vol 1482262, Sht 0223389 15.07% LHC 0.1691 0.1850 0.1720 b:s 1:3.16
    0407 Vol 1366662, Sht 0379098 27.74% LHC 0.1800 0.1940 0.1810 b:s 1:1.59
    0404 Vol 2004991, Sht 0879049 43.84% LHC 0.1770 0.1970 0.1860 b:s 1.20:1 [132]
    0403 Vol 2637342, Sht 0804253 30.49% LHC 0.1751 0.2000 0.1800 b:s 1.09:1
    0402 Vol 1086320, Sht 0247942 22.82% LHC 0.1700 0.1800 0.1797 b:s 1:1.91[131]
    0401 Vol 2487682, Sht 1004392 40.37% LHC 0.1503 0.1800 0.1789 b:s 1.21:1
    0331 Vol 0716801, Sht 0258136 36.01% LHC 0.1570 0.1793 0.1698 b:s 1:1.57[130]
    0328 Vol 0614691, Sht 0314460 51.16% LHC 0.1567 0.1790 0.1622 b:s 1.18:1
    0327 Vol 1980546, Sht 0616650 31.14% LHC 0.1500 0.1660 0.1582 b:s 1:2.41
    0326 Vol 1410109, Sht 0496517 35.21% LHC 0.1640 0.1750 0.1661 b:s 1:2.28
    0325 Vol 0630326, Sht 0260578 41.34% LHC 0.1630 0.1780 0.1699 b:s 1.37:1
    0324 Vol 0493200, Sht 0132511 26.87% LHC 0.1620 0.1800 0.1700 b:s 1:2.59
    0321 Vol 0338960, Sht 0082000 24.19% LHC 0.1650 0.1750 0.1703 b:s 1:1.23
    0320 Vol 0360913, Sht 0255063 70.67% LHC 0.1621 0.1700 0.1650 b:s 3.59:1
    0319 Vol 0152034, Sht 0074149 48.77% LHC 0.1550 0.1749 0.1680 b:s 3.05:1
    0318 Vol 0492742, Sht 0117468 23.84% LHC 0.1550 0.1765 0.1680 b:s 1.28:1
    0317 Vol 1210989, Sht 0454724 37.55% LHC 0.1630 0.1800 0.1675 b:s 2.18:1
    0314 Vol 0775124, Sht 0296250 38.22% LHC 0.1530 0.1699 0.1630 b:s 3.23:1
    0313 Vol 0238513, Sht 0053733 22.53% LHC 0.1532 0.1629 0.1598 b:s 2.08:1
    0312 Vol 1203494, Sht 0146037 12.13% LHC 0.1500 0.1750 0.1600 b:s 1:2.65
    0311 Vol 0950331, Sht 0420954 44.30% LHC 0.1726 0.1870 0.1752 b:s 1:1.22
    0310 Vol 4605367, Sht 1306110 28.36% LHC 0.1602 0.2310 0.1800 b:s 1:1.31[129]
    0307 Vol 5359392, Sht 1573661 29.36% LHC 0.1500 0.2199 0.2000 b:s 1.20:1
    0306 Vol 5867182, Sht 1529792 26.07% LHC 0.1330 0.1510 0.1500 b:s 1:1.22[128]
    0305 Vol 4198959, Sht 1718581 40.93% LHC 0.0999 0.1335 0.1335 b:s 1.05:1
    0304 Vol 2651888, Sht 0722884 27.26% LHC 0.0950 0.1010 0.0999 b:s 1:2.33
    0303 Vol 0772417, Sht 0166018 21.49% LHC 0.0952 0.1050 0.0962 b:s 1:1.36

    [128] There were 5 pre-market trades for 85K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 5,867,182 to 5,952,182 and would lower the short percentage from 26.07% to 25.70%. If the shares are also added to the short sales, the short volume moves from 1,529,792 to 1,614,792 and the short percentage would be 27.13%.
    [129] There were 4 pre-market trades for 32.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 4,605,367 to 4,637,867 and would lower the short percentage from 28.36% to 28.16%. If the shares are also added to the short sales, the short volume moves from 1,306,110 to 1,338,610 and the short percentage would be 28.86%.
    [130] There was 1 after-hours trade for 70K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 716,801 to 786,801 and would lower the short percentage from 36.01% to 32.81%. If the shares are also added to the short sales, the short volume moves from 258,136 to 328,136 and the short percentage would be 41.71%.
    [131] There were 5 pre-market trades for 30K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 1,086,320 to 1,116,320 and would lower the short percentage from 22.82% to 22.21%. If the shares are also added to the short sales, the short volume moves from 247,942 to 277,942 and the short percentage would be 24.90%.
    [132] There was 1 pre-market trade for 3.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 2,004,991 to 2,008,491 and would lower the short percentage from 42.84% to 43.77%. If the shares are also added to the short sales, the short volume moves from 879,049 to 882,549 and the short percentage would be 43.94%.

    04/14/2014: EOD stuff partially copied to the concentrator.
    # Trds: 64, MinTrSz: 500, MaxTrSz: 25000, Vol: 449480, AvTrSz: 7023
    Min. Pr: 0.1593, Max Pr: 0.1720, VW Avg. Tr. Pr: 0.1641
    # Buys, Shares: 28 194680, VW Avg Buy Pr: 0.1662
    # Sells, Shares: 36 254800, VW Avg Sell Pr: 0.1624
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:1.31 (43.31% "buys"), DlyShts 115500 (25.70%), Dly Sht % of 'sells' 45.33%

    ARCA was in pre-market again on both sides with a 5K $0.131 bid and a 4K $0.249 offer. They exited the buy side at 10:23. Their first move came at 10:33, 10 minutes after they exited their bid. Similar behavior has been noted many times recently. Anyway, they jumped to the front of the sell side with a 7K $0.17 offer, undercutting the best $0.172 at the time. Those shares were immediately bought. They entered again at 11:07 with $0.17, undercutting $0.1709 at the time. But the market had moved away from them and these were not immediately taken. As with many prior days, there was heavy and somewhat aggressive competition from the usual WABR, NITE and ATDF market-makers. CSTI also became more active and aggressive. Unlike prior days, ARCA did not pop in and out of the market all day long. They basically hung in there are slugged it out with the other aggressively selling folks.

    This resulted in a constant price weakening throughout the day, seen in the trading breakdown by time.

    As is common, we saw our buy percentage improve, relative to yesterday, as price weakened. Based on this, early in the day I suspected our daily short sales percentage would rebound from yesterday's 10.52%, which it did, and we got 25.7% today, moving closer to what I believe is normal range again.

    While I'm thinking of it, I suggest you take a look at the chart of average buy percentages. The two short periods are not looking positive at all.

    I didn't see NITE's 200K offer at $0.21 in pre-market, nor during the day. That doesn't mean it wasn't there - it could have been "masked" by a better offer. However, I checked at 08:10 and there was no NITE offer and at 08:52 there was a 2.5K $0.21 offer. So if the offer was entered anytime after 8:10, it would be masked by the next time I looked.

    The average of the lowest 20 VWAPs times 80% today is $0.0979 vs. $0.0954, $0.0929, $0.0904, $0.0884, $0.0865, $0.0848, $0.0831, $0.0819 and $0.0816 on prior days. 80% of today's VWAP is $0.1313 vs. $0.1351, $0.1425, $0.1485, $0.1397, $0.1468, $0.1505, $0.1522, $0.1399 and $0.1332 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved -0.44%, -5.96%, -2.87%, -48.71% and 25.22% respectively. Price spread today was 7.97% vs. 14.31%, 8.57% 5.71%, 9.40%, 7.78%, 11.30%, 14.22%, 5.88% and 19.76% on prior days.

    There was one trade at the low of the day, 10K at $0.1593. It doesn't strike me as warranting a look at the metrics without it because it looks just like a normal trade - reasonable size and it was only 7/100ths of a cent below the next lowest price of $0.16, which had plenty of trades and volume. So I think this $0.1593 was just a good trade by someone.

    The larger trades (>= 15K) occurred on 7 of the 64 trades, 10.94%. These 132,000 shares were 29.37% of day's volume, and traded at a VWAP of $0.1650. 4 of these trades, 57.14%, were buys of 79,000 shares, 59.85% of the larger trades volume, and traded at a VWAP of $0.1672. 3 of the larger trades, 42.86%, were sells of 53,000 shares, 40.15% of the larger trades volume, and traded at a VWAP of $0.1618.

    The other 57 trades, 89.06% of the day's trades, traded 317,480 shares, 70.63% of the days volume. The VWAP was $0.1637. 24 trades, 42.11%, were buys and accounted for 115,680 shares, 36.44% of the smaller trade volume, and traded at a VWAP of $0.1656. 33 trades, 57.89%, were sells and accounted for 201,800 shares, 63.56% of the smaller trade volume, and traded at a VWAP of $0.1626.

    The gravestone doji suggestion, when combined with the traditional and unconventional stuff I have detailed, seems to have been accurately foretelling "coming attractions" alright.

    We have the second consecutive day of lower highs, lows, VWAPs and closes. Yesterday was on rising volume while today's is on reduced volume. Let's hope volume remains low and we don't head into a nose dive on rising volume.

    Short percentage , as is common, rose as buy percentage rose. It's still below what I think is normal, but if the price continues to weaken and the normal increase in buy percentage as that happens occurs, we should see daily short sales percentage direction roughly track buy percentage. There can be aberrations though.

    I had mentioned the possibility of some support at $0.16, but said I didn't think it would hold up well because it looked weak to me and was just a bottom of a brief sideways trading channel. Yesterday's low was $0.16 on ~32K, two trades at 15:56. Check today's breakdown by price and you'll see twelve trades at that price for 73.9K, all but one a sell.

    You'll also see ~47% of day's volume in the $0.16-$0.1621 range but with only ~20% buys. This tells us two things of note. About 43.7K shares were taken from the offers around that range, not a sign of strength, and ~174K+ were sold into the bids in that range, also not a sign of strength. If you now check the breakdown by time you see that no strength was exhibited as the slide down towards the lows of the day was almost totally uninterrupted.

    We closed at the second lowest price of the day, $0.16.

    I'm thinking there's enough selling to exhaust support at $0.16, based on what I see ATM. Unless the sellers just pack up and go home, there's no substantial volume stacking up in the bids appearing yet on the buy side in any price range. As long as WABR, NITE, ARCA, ATDF, CSTI are being aggressive on the offers and there's no volume stacking up on the bids there's likely no change in direction.

    $0.15 still seems the best nearby potential support point. We'll have to keep our eyes peeled as we approach though - there's a lot of reasons to suspect that it might have difficulty holding there, some of which are based on traditional TA stuff.

    For the second consecutive day we had lower highs, lows, VWAPs and closes. Yesterday was on rising volume and today was on falling volume, a weak indicator that we might be nearing bottom. But it's just as likely that's just indicating a typical pause in the action as traders and investors try to assess the situation.

    Full stochastic, which entered oversold 4/11 with a 17.79 reading, dropped further to ~11.91 today. RSI remained below neutral today with a ~48.22 reading.

    The Bollingers' lower limit, which yesterday moved down from the prior day's slight rise, continues to roll over, reading 0.1564, down from Thursday's 0.158 and Friday's 0.1569.

    Momentum recovered a to ~1.01, a slight improvement to above neutral. But be aware this was likely only due to the low volume. ADX related stopped weakening and went flat, also likely an effect of volume.

    Late-day weakness today morphed into "all day weakness".

    My original is showing uncertainty in the one-day changes with marginal improvement in four periods and marginal weakness in two. The change over five days is the same. However, the rate of change over five days is split three and three.

    Thursday I said of the newer version's readings "This does not look at all positive" and Friday bore out that statement with our definite strong move well below the prior $0.18, around which we had been vacillating.

    The newer version's one-day changes now have the three shortest periods all marginally improved and the three longer periods weakened, also marginally. Change over five days is more positive with improvement in all periods. But keep in mind these are all large negative numbers and do not suggest strengthening, just reduced rate of weakening. This is supported by the average change over five days for all periods also being improved. This is predominately an effect of smaller volume combined with buy percentage moving from 17% to 43.3%.

    The newer version's chart pattern, which yesterday had the five, ten and 25-day lines showing an acceleration of downward bias beginning, has started to reverse that. At these readings though it is more a reflection of uncertainty than any indication of an upward bias. The numbers and lines are still well off of starting any pattern suggesting a strong move up might be in the cards for now.

    Here's a trading breakdown by arbitrary time-frames.
    10:18-10:27: 050000 shrs, 11.12% of vol, VWAP $0.1720, 100.0% buys
    10:33-11:03: 053180 shrs, 11.83% of vol, VWAP $0.1688, 006.9% buys
    11:05-12:04: 065000 shrs, 14.46% of vol, VWAP $0.1648, 061.5% buys
    12:07-12:18: 031500 shrs, 07.01% of vol, VWAP $0.1612, 036.5% buys
    13:19-14:10: 071000 shrs, 15.80% of vol, VWAP $0.1640, 078.9% buys
    14:12-15:30: 096400 shrs, 21.45% of vol, VWAP $0.1608, 003.1% buys
    15:37-15:47: 015000 shrs, 03.34% of vol, VWAP $0.1607, 026.7% buys
    15:48-15:59: 067400 shrs, 15.00% of vol, VWAP $0.1606, 039.3% buys

    Here's a breakdown by arbitrary price range.
    $0.1593-$0.1593: 010000 shrs, 02.22% of vol, VWAP $0.1593, 000.0% buys
    $0.1600-$0.1621: 218800 shrs, 48.68% of vol, VWAP $0.1607, 019.9% buys
    $0.1625-$0.1649: 072500 shrs, 16.13% of vol, VWAP $0.1643, 093.1% buys
    $0.1650-$0.1650: 030000 shrs, 06.67% of vol, VWAP $0.1650, 050.0% buys
    $0.1675-$0.1691: 044500 shrs, 09.90% of vol, VWAP $0.1685, 000.0% buys
    $0.1700-$0.1720: 073680 shrs, 16.39% of vol, VWAP $0.1715, 093.2% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%
    04/04 $0.1882 -01.07% 54.1%
    04/07 $0.1834 -02.52% 38.2%
    04/08 $0.1747 -04.78% 24.0%
    04/09 $0.1791 +02.54% 35.5%
    04/10 $0.1782 -00.54% 32.9%
    04/11 $0.1689 -05.18% 17.0%
    04/14 $0.1641 -02.87% 43.3%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    04/14: 20 lowest intra-day VWAPs in 40 days avg, $0.1223, x 80%: $0.0979

    Vol in K, for above days: 449.48

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are in the latest daily post above.

    04/11/2014: EOD stuff partially copied to the concentrator.
    # Trds: 120, MinTrSz: 2, MaxTrSz: 25000, Vol: 876417, AvTrSz: 7303
    Min. Pr: 0.1600, Max Pr: 0.1829, VW Avg. Tr. Pr: 0.1689
    # Buys, Shares: 27 149421, VW Avg Buy Pr: 0.1727
    # Sells, Shares: 91 726496, VW Avg Sell Pr: 0.1681
    # Unkn, Shares: 2 500, VW Avg Unk. Pr: 0.1760
    Buy:Sell 1:4.86 (17.05% "buys"), DlyShts 92234 (10.52%), Dly Sht % of 'sells' 12.70%

    ARCA was in pre-market again with a 4K $0.249 offer and never moved it until 11:45, when they jumped to the front of the line with a $0.174 offer undercutting the best $0.175 at the time. With heavy and somewhat aggressive competition from WABR, NITE and ATDF, they popped in and out of the market all day long. They first exited at 11:59 and on re-entry at 12:50 they matched WABR's $0.172 and they were gone again by 13:33. At 13:51 I saw them back with a $0.17 offer, matching ATDF and NITE at that level. At 14:21 they moved to offer $0.1695 and immediately $0.169, leaving ATDF and NITE at $0.17. One minute later $0.1682 and the shares were immediately taken and they were again out. At 14:34 they returned with $0.1682 again. It took almost a half-hour before the shares were taken and ARCA was out again at 15:01. They made one last appearance at 15:37 with a $0.165 offer. But the market was wise to them by now and ARCA had to move to $0.1645 at 15:58 to get the shares taken. It's beyond me why they got taken when trading in that time was close to $0.16 and bias was heavily "sell" (from the trading breakdown below: 15:47-15:58: 093000 shrs, 10.61% of vol, VWAP $0.1612, 009.7% buys; without the 9K at $0.1645 it would be even weaker).

    NITE again had a 200K offer at $0.21 in pre-market, (likely a GTC order - the one first seen yesterday?) and sat on it for the rest of the day. As before, I suspect this will be hanging around hoping to get a push back up where they can unload but my take is that a drop lower will compel them to cut their losses and we'll see all or parts of that 200K being dissipated at either lower offers or silently hitting bids, which we can't see unless the offer happens to be visible at the time and we can see shares removed from that aggregate volume.

    The average of the lowest 20 VWAPs times 80% today is $0.0954 vs. $0.0929, $0.0904, $0.0884, $0.0865, $0.0848, $0.0831, $0.0819, $0.0816 and $0.0812 on prior days. 80% of today's VWAP is $0.1351 vs. $0.1425, $0.1485, $0.1397, $0.1468, $0.1505, $0.1522, $0.1399, $0.1332 and $0.1338 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved -8.57% and -3.74%, -5.18%, 264.86% and 139.51% respectively. Price spread today was 14.31% vs. 8.57% 5.71%, 9.40%, 7.78%, 11.30%, 14.22%, 5.88%, 19.76% and 14.20% on prior days.

    These metrics were affected by one trade at 10:49:15 for 600 shares at $0.1829. Removal moves the high for the day to $0.1797, even further below yesterday's high. The the high movement becomes -5.42% instead of -3.74% and spread becomes 12.31% instead of 14.31%.

    $0.1797 was a single trade, but it had 12.2K volume and was in line with other trades in the >= $0.1770-$0.179x range.

    On the low range, nothing unusual was noted.

    The larger trades (>= 15K) occurred on 10 of the 120 trades, 8.33%. These 200,800 shares were 22.91% of day's volume, and traded at a VWAP of $0.1672. 0 of these trades, 0%, were buys of 0 shares, 0% of the larger trades volume, and traded at a VWAP of $0.0000. 10 of the larger trades, 100.00%, were sells of 200,800 shares, 100.00% of the larger trades volume, and traded at a VWAP of $0.1672.

    The other 110 trades, 91.67% of the day's trades, traded 675,617 shares, 77.09% of the days volume. The VWAP was $0.1694. 27 trades, 24.55%, were buys and accounted for 149,421 shares, 22.12% of the smaller trade volume, and traded at a VWAP of $0.1727. 81 trades, 73.64%, were sells and accounted for 525,696 shares, 77.81% of the smaller trade volume, and traded at a VWAP of $0.1685. 2 trades, 1.82%, were "unknown" and accounted for 500 shares, 0.07% of the smaller trade volume, and traded at a VWAP of $0.1760.

    Yesterday, after some explanation, I mentioned that with some trades discounted we would get a "gravestone doji", not a good sign. That doji was not a guarantee that we'd move lower, but it was very suggestive when combined with the traditional and unconventional stuff I went on to detail.

    Today seems to have confirmed that's what we had. We got a noticeably lower low, high and VWAP on higher volume coupled with a close -6.53% lower (and would've been -9.09% if we discount that last $0.1645 trade detailed below and use $0.16 for the close). You can also see the effect in my non-traditional stuff, specifically the buy percentage and lower daily short sales percentage.

    Short percentage Thursday had moved to 16.05% from Wednesday's small recovery to 25.79%. Both moves are in line with the buy percentage movements higher to 35.5% Wednesday and lower to 32.9% Thursday. Yesterday I said "Anyway, the current trend suggests no strength in price should be expected". We got no strength and today's 10.52% daily short percentage may not be the bottom. If "sells" dominate again at a similar, or even greater, level it could drop some more. I have no idea how likely this is but since I'm anticipating no real support until we get around $0.15, I wouldn't be surprised to see short percentage remain low, or at least not be able to move up much.

    I had mentioned the possibility of some support at $0.16, but said I didn't think it would hold up well because it looked weak to me and was just a bottom of a brief sideways trading channel. In my 49 peeks at the bid during today's market hours, I never saw substantial volume on the bid at $0.16. There were some occurrences of good volume above and some more below though. This is not an unusual situation and I really don't read much into it yet. Those things will change as price moves around.

    I'm still thinking that $0.15 is our best shot at some decent support nearby. The three touches of that horizontal line have some reasonable volume, including a 2.5MM share day on a move up 4/1, the third touch, on the way to 4/3's $0.18. That probably accounts for the subsequent move lower - what respectable trader would resist a 20% gain in just a few days? 4/3 traded ~2.64MM shares and we subsequently started showing the first signs of weakness.

    If the PIPErs had shares purchased in the $0.08-$0.09 area, they possibly got better than a double out of those shares.

    Today's low was $0.16 on ~32K, two trades at 15:56. We then had one subsequent trade of $0.1645 for 9K at 15:58:57 that set the closing price. Strangely, this was a "sell" at the last offer price and volume I saw from ARCA at 15:52 of $0.1645 for 9K. But I happened to catch both best bid and offer at 15:58 and they were $0.1601 and $0.1675. This was before the trade. ADVFN, which is not reliable, IMO, showed the bid and offer at the time of the trade as $0.1601 and $0.1699 (meaning it should have been "unknown"). But my sell classification is based on both ADVFN's classification and the Power ETrade Pro "Time & Sales" b/a and trade data (I cross-confirm every trade between ETrade and ADVFN as neither are reliable). My best guess is this was an intra-broker, intra-MM or intra-exchange trade because I never saw a bid at that price. But I don't, and can't possibly, catch all the movements on the bids and offers, so I also could've just missed it.

    I would say this was the fifth consecutive day I don't suspect any last-minute price manipulation attempt but I don't know whether to suspect that last-minute $0.1645 9K trade or not. It was above the very recent trading but didn't hit any bid that I saw. Ditto for the ask at the time, although it did match what I had seen from ARCA just six minutes prior to the trade.

    On the traditional TA front, saying "there's still no sign of upward pressure" would qualify as an understatement. Maybe a little picture would be useful?

    Axpw Daily 1 Year Snippet 20140411

    I mentioned yesterday the high exactly touched my descending trend line, that if we discounted certain trades we had a "gravestone doji", and "... keep in mind that no substantial number of trades or volume occurred anywhere above $0.18, our old sideways trading channel resistance".

    Nothing so complicated is needed today - we had lower high, low, VWAP and close on rising volume. Add in my unconventional trading breakdown, which includes buy percentages and VWAP, and the best hope that might approach rationality would be to start going sideways, which I don't expect yet. If we did I don't expect it would last long.

    Full stochastic, of which I yesterday said "... is likely to enter oversold tomorrow, 4/11", did just that, catching a 17.79 reading today. RSI weakened and dropped below neutral today with a ~43.8 reading.

    Of the Bollingers' I yesterday said "... It looks like the lower limit will continue convergence up until the price range moves seriously lower, which shouldn't be long in coming AFAICT". Did and done! The lower limit moved down from yesterday's slightly rising 0.158 to 0.1569.

    Momentum, finally dropped below neutral to 0.9195 from yesterday's 1.0359. Definitely not a yawner today. ADX related continued weakening.

    Late-day weakness which evidenced itself two consecutive days, though not pronounced, caused me to suggest it might bear watching. Today it was pronounced beginning with the period starting around 14:00. Trend or aberration? Don't know.

    My original experimental inflection point calculations continue to engender mistrust. Yesterday's one-day changes improved in five periods and weakened in only one. The day before was three weaker and three improved. The change over five days had five improved and one weaker. However, the rate of change over five days did have four weakening and two improved versus the prior day's four improving periods and two weakening periods. Thanks for the "heads up"?

    Anyway, as you might expect, the one-day changes have five weakening periods. One is marginally improved. The change over five days has all periods weaker and the average change is the same - all weaker.

    The newer version one-day changes yesterday had all periods weakening and three with noticeable magnitude. The change over five days likewise had all six periods weakened and magnitude of change was large in most periods. The average change over those days had all weakening and several of the changes were large changes.

    I said "This does not look at all positive" and today bore out that statement. One-day changes continued yesterday's movement with all periods weakening again. The change over five days now has a three, two and one configuration for improved, weakened and essentially flat respectively. Average change over those days is four, one and one.

    The newer version's chart pattern, which reduced it's weakening bias Wednesday, resumed it's trend of suggesting weakening prices near-term on Thursday, when I said "Contrary to yesterday's "just suggests the rate of descent may not pick up steam", today [Thursday] suggests it is picking up steam". Today the five, ten and 25-day lines show an acceleration of downward bias is beginning.

    Here's a trading breakdown by arbitrary time-frames.
    09:30-10:00: 028325 shrs, 03.23% of vol, VWAP $0.1698, 000.0% buys
    10:07-10:25: 051658 shrs, 05.89% of vol, VWAP $0.1734, 043.0% buys
    10:36-10:56: 055600 shrs, 06.34% of vol, VWAP $0.1724, 001.1% buys
    11:07-11:18: 087000 shrs, 09.93% of vol, VWAP $0.1744, 037.9% buys
    11:22-11:37: 045865 shrs, 05.23% of vol, VWAP $0.1729, 000.0% buys
    11:38-12:08: 102925 shrs, 11.74% of vol, VWAP $0.1699, 000.0% buys
    12:33-13:22: 048625 shrs, 05.55% of vol, VWAP $0.1701, 000.0% buys
    13:23-13:46: 127000 shrs, 14.49% of vol, VWAP $0.1699, 018.1% buys
    13:59-14:27: 079200 shrs, 09.04% of vol, VWAP $0.1677, 047.5% buys
    14:33-15:01: 093819 shrs, 10.70% of vol, VWAP $0.1660, 025.5% buys
    15:03-15:22: 038100 shrs, 04.35% of vol, VWAP $0.1631, 000.0% buys
    15:34-15:45: 025300 shrs, 02.89% of vol, VWAP $0.1659, 000.0% buys
    15:47-15:58: 093000 shrs, 10.61% of vol, VWAP $0.1612, 009.7% buys

    Here's a breakdown by arbitrary price range.
    $0.1600-$0.1645: 159475 shrs, 18.20% of vol, VWAP $0.1617, 005.6% buys
    $0.1650-$0.1695: 255115 shrs, 29.11% of vol, VWAP $0.1680, 013.5% buys
    $0.1700-$0.1740: 405494 shrs, 46.27% of vol, VWAP $0.1710, 013.6% buys
    $0.1750-$0.1797: 055733 shrs, 06.36% of vol, VWAP $0.1783, 090.1% buys
    $0.1829-$0.1829: 000600 shrs, 00.07% of vol, VWAP $0.1829, 100.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%
    04/04 $0.1882 -01.07% 54.1%
    04/07 $0.1834 -02.52% 38.2%
    04/08 $0.1747 -04.78% 24.0%
    04/09 $0.1791 +02.54% 35.5%
    04/10 $0.1782 -00.54% 32.9%
    04/11 $0.1689 -05.18% 17.0%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    04/07: 20 lowest intra-day VWAPs in 40 days avg, $0.1081, x 80%: $0.0865
    04/08: 20 lowest intra-day VWAPs in 40 days avg, $0.1105, x 80%: $0.0884
    04/09: 20 lowest intra-day VWAPs in 40 days avg, $0.1130, x 80%: $0.0904
    04/10: 20 lowest intra-day VWAPs in 40 days avg, $0.1161, x 80%: $0.0929
    04/11: 20 lowest intra-day VWAPs in 40 days avg, $0.1192, x 80%: $0.0954

    Vol in K, for above days: 1,366.66 1,482.26 1,549.62 240.21 876.42.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are in the latest daily post above.

    04/10/2014: EOD stuff partially copied to the concentrator.
    # Trds: 46, MinTrSz: 135, MaxTrSz: 15500, Vol: 240209, AvTrSz: 5222
    Min. Pr: 0.1750, Max Pr: 0.1900, VW Avg. Tr. Pr: 0.1782
    # Buys, Shares: 15 79009, VW Avg Buy Pr: 0.1797
    # Sells, Shares: 31 161200, VW Avg Sell Pr: 0.1774
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:2.04 (32.89% "buys"), DlyShts 38509 (16.03%), Dly Sht % of 'sells' 23.89%

    I see a typo crept in to the 4/9 post (yesterday's). I corrected as follows:
    Max Pr: 0.1850 (was 1.1839)
    # Buys, Shares: ..., VW Avg Buy Pr: 0.1820 (was 0.2002)
    VW Avg. Tr. Pr: 0.1791 (was 0.1856)
    The rest looks OK.

    ARCA was in pre-market with a $0.249 offer and never moved it until 12:02, when some volume and bid/ask movement began to appear together. They plopped down an $0.18 offer ahead of ATDF and NITE. But it wasn't going to be easy for them today as we again have untoward aggression (he-he) by WABR: $0.179 offered four minutes later and $0.178 three minutes after that. Fortunately those offers and ARCA's $0.18 were taken and ARCA was back to $0.249 until 12:36 when ARCA again jumped ahead of the line with a $0.178 7K offer. Twenty-one minutes later a buyer finally stepped up and ARCA was out of the market.

    Something to keep in mind, maybe, is that NITE had a 200K offer at $0.21 at 12:32 and sat on it for the rest of the day. I suspect this will be hanging around hoping to get a push back up where they can unload. My take is that a drop lower will compel them to cut their losses and we'll see all or parts of that 200K being dissipated at either lower offers or silently hitting bids, which we can't see unless the offer happens to be visible at the time and the shares are sold from that aggregate volume.

    The average of the lowest 20 VWAPs times 80% today is $0.0929 vs. $0.0904, $0.0884, $0.0865, $0.0848, $0.0831, $0.0819, $0.0816, $0.0812 and $0.0807 on prior days. 80% of today's VWAP is $0.1425 vs. $0.1485, $0.1397, $0.1468, $0.1505, $0.1522, $0.1399, $0.1332, $0.1338 and $0.1337 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, 2.70%, -0.54%, -84.50% and -90.36% respectively. Price spread today was 8.57% vs. 5.71%, 9.40%, 7.78%, 11.30%, 14.22%, 5.88%, 19.76%, 14.20% and 14.23% on prior days.

    These metrics were affected by two trades at the open for 2,000 and 700 shares at $0.19. There's five more I'll want to examine too. But for these two, removal moves the high for the day to $0.1839, below yesterday's high. The the high movement becomes -0.59% and spread becomes 5.09%.

    The sad part is that next higher price was set by two trades of 2K and 1K. This suggests that looking at effects of excluding them might be handy. Removing those $0.1839 trades moves the high to $0.1821. The the high movement becomes -1.57% and spread becomes 4.06%.

    Unfortunately, that lower high was set by one trade of 5K and the next lower high, $0.1816, by one trade of 2K. I won't examine effects of removing them, but you can see the weakness this implies. We did finally get a "high we can believe in" (no, not from Colorado weed) at $0.18 as number of trades and volume was substantial.

    The largest trades today were 15K and there were only two, both at $0.18.

    I suggested yesterday that after three consecutive days of lower highs and VWAPs, and volume rising on the prior down day (indicating strength in the down move) we finally got very small breather. On the typical TA charts it will appear that we're trying to push up again, but with low volume. However, if we remove those six trades (four of which occurred in the first half-hour) totaling only 12.7K, we see that we topped right at $0.18 with some volume in the number and quantity of the trades. With a low of $0.175 that would yield a "gravestone doji", not a good sign. That doji is not a guarantee that we'll move lower, but it is very suggestive when combined with the traditional and unconventional stuff below.

    Short percentage yesterday moved to 16.05% from yesterday's small recovery to 25.79%. Both moves are in line with the buy percentage movements higher to 35.5% yesterday and lower to 32.9% today. The correlation is always only directional, not linear in magnitude. Anyway, the current trend suggests no strength in price should be expected.

    For the fourth consecutive day I don't suspect any last-minute price manipulation attempt.

    On the traditional TA front there's still no sign of upward pressure. No sign of downward pressure either. With very low volume, none of this is surprising.

    Today's high exactly touched my descending trend line. Keep in mind the high was established by two abnormal, for today, trades described above. Also keep in mind that no substantial number of trades or volume occurred anywhere above $0.18, our old sideways trading channel resistance.

    Full stochastic continued to fall today and is likely to enter oversold tomorrow, 4/11. RSI, which had a tiny uptick yesterday to 59.5, got another one to 60.01 - inconsequential other than it did not weaken. The Bollingers' still have a flat upper limit as the lower limit continues tiny incremental moves up. It looks like the lower limit will continue convergence up until the price range moves seriously lower, which shouldn't be long in coming AFAICT.

    Momentum, after getting a small bump up to a reading of 1.03 yesterday from 1.01, stayed essentially flat at 1.0359. Still nothing but a yawner there. ADX related continued the weakening started after yesterday's one day flat breather.

    Late-day weakness continued to evidence itself, although still not pronounced. Two consecutive days though - might bear watching.

    My original experimental inflection point calculations have one-day changes improved in five periods and weakening in only one. Yesterday was three weaker and three improved. Again today, all changes were small. The change over five days moved from three and three to five improved and one weaker wit, again, all small changes. However, the rate of change over five days has four weakening and two improved versus yesterday's four improving periods and two weakening periods. A couple on each side are noticeable magnitudes.

    The newer version one-day changes, which had all periods improving yesterday, albeit with weak moves, now has all weakening and three are of noticeable magnitude. The change over five days returned to all six periods weakened of two days ago from yesterday's split three and three with minor changes. The magnitude of change was large in most periods. The average change over those days has all weakening and several of the changes are large. This does not look at all positive.

    The newer version's chart pattern, which reduced it's weakening bias yesterday, has resumed it's trend of suggesting weakening prices near term. Contrary to yesterday's "just suggests the rate of descent may not pick up steam", today suggests it is picking up steam.

    Here's a trading breakdown by arbitrary time-frames.
    09:30-09:55: 005700 shrs, 02.37% of vol, VWAP $0.1868, 100.0% buys
    10:49-11:58: 042500 shrs, 17.69% of vol, VWAP $0.1798, 051.8% buys
    12:06-12:31: 074500 shrs, 31.01% of vol, VWAP $0.1793, 013.4% buys
    12:57-13:27: 059500 shrs, 24.77% of vol, VWAP $0.1770, 047.1% buys
    13:45-15:43: 027200 shrs, 11.32% of vol, VWAP $0.1750, 000.0% buys
    15:44-15:55: 030809 shrs, 12.83% of vol, VWAP $0.1765, 043.2% buys

    Here's a breakdown by arbitrary price range.
    $0.1750-$0.1797: 140009 shrs, 58.29% of vol, VWAP $0.1765, 036.6% buys
    $0.1800-$0.1839: 097500 shrs, 40.59% of vol, VWAP $0.1803, 025.6% buys
    $0.1900-$0.1900: 002700 shrs, 01.12% of vol, VWAP $0.1900, 100.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/25 $0.1699 +00.42% 57.8%
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%
    04/04 $0.1882 -01.07% 54.1%
    04/07 $0.1834 -02.52% 38.2%
    04/08 $0.1747 -04.78% 24.0%
    04/09 $0.1791 +02.54% 35.5%
    04/10 $0.1782 -00.54% 32.9%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    04/07: 20 lowest intra-day VWAPs in 40 days avg, $0.1081, x 80%: $0.0865
    04/08: 20 lowest intra-day VWAPs in 40 days avg, $0.1105, x 80%: $0.0884
    04/09: 20 lowest intra-day VWAPs in 40 days avg, $0.1130, x 80%: $0.0904
    04/10: 20 lowest intra-day VWAPs in 40 days avg, $0.1161, x 80%: $0.0929

    Vol in K, for above days: 1,366.66 1,482.26 1,549.62 240.21.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are in the latest daily post above.

    04/09/2014: EOD stuff partially copied to the concentrator.
    # Trds: 127, MinTrSz: 60, MaxTrSz: 100000, Vol: 1549619, AvTrSz: 12202
    Min. Pr: 0.1750, Max Pr: 0.1850, VW Avg. Tr. Pr: 0.1791
    # Buys, Shares: 51 550047, VW Avg Buy Pr: 0.1820
    # Sells, Shares: 76 999572, VW Avg Sell Pr: 0.1775
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:1.82 (35.50% "buys"), DlyShts 399643 (25.79%), Dly Sht % of 'sells' 39.98%

    I see a typo crept in to the 4/9 post. I corrected as follows:
    Max Pr: 0.1850 (was 1.1839)
    # Buys, Shares: ..., VW Avg Buy Pr: 0.1820 (was 0.2002)
    VW Avg. Tr. Pr: 0.1791 (was 0.1856)
    The rest looks OK.

    ARCA was again aggressively in and out all day. They were accompanied in this effort again by WABR, ATDF, NITE, CSTI, ... I was surprised price held as well as it did. The buy percentage is telling the true story, along with a low daily short percentage.

    The average of the lowest 20 VWAPs times 80% today is $0.0904 vs. $0.0884, $0.0865, $0.0848, $0.0831, $0.0819, $0.0816, $0.0812, $0.0807 and $0.0800 on prior days. 80% of today's VWAP is $0.1485 vs. $0.1397, $0.1468, $0.1505, $0.1522, $0.1399, $0.1332, $0.1338, $0.1337 and $0.1261 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved 3.49%, 0.00%, 2.54%, 4.54% and 78.90% respectively. Price spread today was 5.71% vs. 9.40%, 7.78%, 11.30%, 14.22%, 5.88%, 19.76%, 14.20%, 14.23% and 10.67% on prior days.

    The larger trades (>= 15K) occurred on 31 of the 127 trades, 24.41%. These 943,090 shares were 60.86% of day's volume, and traded at a VWAP of $0.1791. 10 of these trades, 32.26%, were buys of 328,177 shares, 34.80% of the larger trades volume, and traded at a VWAP of $0.1823. 21 of the larger trades, 67.74%, were sells of 614,913 shares, 65.20% of the larger trades volume, and traded at a VWAP of $0.1774.

    The other 96 trades, 75.59% of the day's trades, traded 606,529 shares, 39.14% of the days volume. The VWAP was $0.1792. 41 trades, 42.71%, were buys and accounted for 221,870 shares, 36.58% of the smaller trade volume, and traded at a VWAP of $0.1817. 55 trades, 57.29%, were sells and accounted for 384,659 shares, 63.42% of the smaller trade volume, and traded at a VWAP of $0.1777.

    After three consecutive days of lower highs and VWAPs, and volume rising on yesterday's down day, indicating strength in the down move, we finally got very small breather. The low was higher, the high was flat and the VWAP was up along with volume. But the volume move was inconsequential (~70K shares). Even buy percentage improved. Unfortunately the recent "I believed we'd be shortly testing the strength of $0.18 as a support level and I believed it would fail to hold" has been proven on target. Yesterday's close was $.172 and we closed again below $0.18, which I said was likely, so we confirmed we've moved at least back into the trading channel we left on 4/3. Again, support for the channel is down at $0.15 and there's a potential pause provided by a sideways move bottom around $0.16, but it does not have any indication of strength because volume was low and when we exited we went down on rising volume.

    Short percentage yesterday moved from 27.24% to 15.07%. Today it recovered a bit, in line with the buy percentage recovery from 24% to 35.5% today. Everything working as expected here.

    For the third consecutive day there was no last-minute price manipulation attempt.

    On the traditional TA front there's still no sign of upward pressure.

    Did I mention my new trend line? Originating at the high of 3/10, $0.23 and having touches now at 4/3, 4/4 and 4/7, we have a confirmed falling resistance in play. All are with "good" volume and two of those days' buy percentages (non-traditional metric) were relatively good (50.54%, 54.09% and 38.16% respectively). Good volume and good buy percentages provided the best opportunity to break above resistance and it didn't happen. Two of those three days were up days too.

    Combined with the flat support and resistance line at $0.18, we make a descending triangle. However, there's too much white space to apply Bulkowski's results to guess at a direction of a break out. So I'll just look at the descending resistance, which I assess as having some strength.

    Full stochastic continued to fall today while RSI had a tiny uptick. The Bollingers' have a flat upper limit as the lower limit makes tiny incremental moves up - convergence is almost random now.

    Momentum is no longer essentially flat just above neutral. After dropping to effectively right at neutral, reading 1.01, it rebound slightly today to 1.03. Nothing but a yawner there. ADX related started weakening again after a one day flat breather.

    Today had the return of late-day weakness, but it wasn't pronounced and with just one day of it we can't decide if it's a trend yet.

    My original experimental inflection point calculations have one-day changes going from four weaker and two improved to three weaker and three improved. All were small changes though. The change over five days moved from one improved and five weaker to three and three as well. The rate of change over five days has four improving periods and two weakening periods. No big moves there.

    The newer version one-day changes, which had continued a weakening trend with increasing magnitude yesterday, moved to all periods improving today, albeit with weak moves. The change over five days, which had all six periods weakened yesterday, split three and three with minor changes. However, the average change over those days has only one improving while all other weaken.

    The newer version's chart pattern reduced it's weakening bias. This does not indicate an upward move, but just suggests the rate of descent may not pick up steam.

    Here's a trading breakdown by arbitrary time-frames.
    09:43-10:24: 039599 shrs, 02.56% of vol, VWAP $0.1775, 031.8% buys
    10:38-10:41: 059900 shrs, 03.87% of vol, VWAP $0.1823, 066.6% buys
    10:42-10:52: 039000 shrs, 02.52% of vol, VWAP $0.1764, 041.0% buys
    10:59-11:25: 072280 shrs, 04.66% of vol, VWAP $0.1805, 009.0% buys
    11:38-11:52: 085090 shrs, 05.49% of vol, VWAP $0.1782, 062.3% buys
    11:53-12:15: 094000 shrs, 06.07% of vol, VWAP $0.1757, 000.0% buys
    12:25-13:08: 036000 shrs, 02.32% of vol, VWAP $0.1774, 013.9% buys
    13:13-13:28: 134633 shrs, 08.69% of vol, VWAP $0.1826, 070.6% buys
    13:29-14:09: 405427 shrs, 26.16% of vol, VWAP $0.1821, 057.0% buys
    14:16-14:43: 208190 shrs, 13.43% of vol, VWAP $0.1782, 043.6% buys
    15:11-15:14: 103000 shrs, 06.65% of vol, VWAP $0.1769, 000.0% buys
    15:15-15:26: 100000 shrs, 06.45% of vol, VWAP $0.1765, 000.0% buys
    15:38-15:59: 172500 shrs, 11.13% of vol, VWAP $0.1753, 000.0% buys

    Here's a breakdown by arbitrary price range.
    $0.1750-$0.1755: 317145 shrs, 20.47% of vol, VWAP $0.1751, 000.0% buys
    $0.1760-$0.1790: 493845 shrs, 31.87% of vol, VWAP $0.1774, 017.4% buys
    $0.1800-$0.1849: 673629 shrs, 43.47% of vol, VWAP $0.1817, 059.3% buys
    $0.1850-$1.1839: 065000 shrs, 04.19% of vol, VWAP $0.3387, 100.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/21 $0.1704 +01.78% 44.5%
    03/24 $0.1692 -00.71% 27.9%
    03/25 $0.1699 +00.42% 57.8%
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%
    04/04 $0.1882 -01.07% 54.1%
    04/07 $0.1834 -02.52% 38.2%
    04/08 $0.1747 -04.78% 24.0%
    04/09 $0.1791 +02.54% 35.5%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    04/07: 20 lowest intra-day VWAPs in 40 days avg, $0.1081, x 80%: $0.0865
    04/08: 20 lowest intra-day VWAPs in 40 days avg, $0.1105, x 80%: $0.0884
    04/09: 20 lowest intra-day VWAPs in 40 days avg, $0.1130, x 80%: $0.0904

    Vol in K, for above days: 1,366.66 1,482.26 1,549.62.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are in the latest daily post above.

    04/08/2014: EOD stuff partially copied to the concentrator.
    # Trds: 180, MinTrSz: 17, MaxTrSz: 82400, Vol: 1482262, AvTrSz: 8235
    Min. Pr: 0.1691, Max Pr: 0.1850, VW Avg. Tr. Pr: 0.1747
    # Buys, Shares: 54 356136, VW Avg Buy Pr: 0.1760
    # Sells, Shares: 126 1126126, VW Avg Sell Pr: 0.1743
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:3.16 (24.03% "buys"), DlyShts 223389 (15.07%), Dly Sht % of 'sells' 19.84%

    ARCA was in and out all day, very frequently and very aggressively, undercutting the offer on each appearance.

    The average of the lowest 20 VWAPs times 80% today is $0.0884 vs. $0.0865, $0.0848, $0.0831, $0.0819, $0.0816, $0.0812, $0.0807, $0.0800 and $0.0792 on prior days. 80% of today's VWAP is $0.1397 vs. $0.1468, $0.1505, $0.1522, $0.1399, $0.1332, $0.1338, $0.1337, $0.1261 and $0.1361 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved -6.06%, -4.64%, -4.78%, 8.46% and -41.07% respectively. Price spread today was 9.40% vs. 7.78%, 11.30%, 14.22%, 5.88%, 19.76%, 14.20%, 14.23%, 10.67% and 6.71% on prior days.

    The larger trades (>= 15K) occurred on 23 of the 180 trades, 12.78%. These 525,450 shares were 35.45% of day's volume, and traded at a VWAP of $0.1759. 5 of these trades, 21.74%, were buys of 91,500 shares, 17.41% of the larger trades volume, and traded at a VWAP of $0.1772. 18 of the larger trades, 78.26%, were sells of 433,950 shares, 82.59% of the larger trades volume, and traded at a VWAP of $0.1756.

    The other 157 trades, 87.22% of the day's trades, traded 956,812 shares, 64.55% of the days volume. The VWAP was $0.1740. 49 trades, 31.21%, were buys and accounted for 264,636 shares, 27.66% of the smaller trade volume, and traded at a VWAP of $0.1755. 108 trades, 68.79%, were sells and accounted for 692,176 shares, 72.34% of the smaller trade volume, and traded at a VWAP of $0.1735.

    Continuing yesterday's "long-term bullish, short-term not so much" theme, it's not too soon to tell that we're dropping now. We've now had three consecutive days of lower highs and VWAPs, and volume on this down day rose, indicating strength in the down move. Buy percentage was again down substantially. Yesterday I said I believed we'd be shortly testing the strength of $0.18 as a support level and I believed it would fail to hold. Today's close was $.172. If we close again below $0.18, which is likely, we confirm we've moved at least back into the trading channel we left on 4/3. Support for the channel is down at $0.15 and there's a potential pause provided by a sideways move bottom around $0.16, but it does not have any indication of strength because volume was low and when we exited we went down on rising volume.

    Regarding short percentage yesterday I said it was low enough that I suspected lower pricing and even lower short sales percentage to show up and buy percentage should also taper off. Today short percentage moved from 27.24% to 15.07%, we know what pricing did already, and buy percentage dropped from 38.2% to 24%. This trend is not over yet I think.

    For the second consecutive day there was no last-minute price manipulation attempt.

    On the traditional TA front the upward pressure is completely gone.

    Full stochastic continued to fall today. RSI again weakened noticeably to ~57.8, approaching neutral territory. The Bollingers' convergence, is near zip now.

    Momentum is no longer essentially flat just above neutral. It dropped to effectively right at neutral, reading 1.01. ADX related stopped weakening and is now flat.

    There's still no sure sign of late-day weakness or strength. This is the fourth day where I can't see much to lead to a conclusion of what's going to be "normal" behavior.

    My original experimental inflection point calculations have one-day changes going from all six weaker to four weaker and to improved. The big moves are negative in the five and ten-day periods. The change over five days moved from four weakened and only two improved to one improved and five weaker. The rate of change over five days is the same.

    The newer version one-day changes, which two days ago deteriorated badly to all periods weakening with non-minor moves and continued that yesterday except the magnitude of the moves was smaller, continues to weaken today with increasing magnitude. The change over five days, which had five periods weakened, now has all six weakened. It's the same for the average change over those days.

    The newer version's chart pattern, increased it's weakening bias.

    Here's a trading breakdown by arbitrary time-frames.
    09:30-09:40: 136217 shrs, 09.19% of vol, VWAP $0.1801, 002.8% buys
    09:43-10:13: 077600 shrs, 05.24% of vol, VWAP $0.1765, 001.0% buys
    10:16-10:42: 079000 shrs, 05.33% of vol, VWAP $0.1736, 019.0% buys
    10:49-11:00: 113000 shrs, 07.62% of vol, VWAP $0.1749, 044.2% buys
    11:00-11:17: 095532 shrs, 06.45% of vol, VWAP $0.1750, 025.7% buys
    11:18-11:48: 179323 shrs, 12.10% of vol, VWAP $0.1712, 041.7% buys
    11:49-12:28: 119800 shrs, 08.08% of vol, VWAP $0.1719, 008.5% buys
    12:32-12:58: 091800 shrs, 06.19% of vol, VWAP $0.1725, 042.3% buys
    13:02-13:28: 100300 shrs, 06.77% of vol, VWAP $0.1713, 017.9% buys
    13:34-14:12: 147900 shrs, 09.98% of vol, VWAP $0.1730, 017.9% buys
    14:17-14:59: 131350 shrs, 08.86% of vol, VWAP $0.1770, 029.2% buys
    15:00-15:27: 079166 shrs, 05.34% of vol, VWAP $0.1801, 033.1% buys
    15:32-15:45: 036800 shrs, 02.48% of vol, VWAP $0.1776, 000.0% buys
    15:46-15:56: 094474 shrs, 06.37% of vol, VWAP $0.1751, 030.8% buys

    Here's a breakdown by arbitrary price range.
    $0.1691-$0.1693: 050000 shrs, 03.37% of vol, VWAP $0.1692, 000.0% buys
    $0.1700-$0.1720: 554223 shrs, 37.39% of vol, VWAP $0.1713, 013.0% buys
    $0.1725-$0.1745: 196800 shrs, 13.28% of vol, VWAP $0.1735, 042.0% buys
    $0.1750-$0.1771: 266849 shrs, 18.00% of vol, VWAP $0.1757, 026.3% buys
    $0.1780-$0.1798: 203333 shrs, 13.72% of vol, VWAP $0.1790, 036.6% buys
    $0.1800-$0.1800: 185417 shrs, 12.51% of vol, VWAP $0.1800, 016.8% buys
    $0.1840-$0.1850: 025640 shrs, 01.73% of vol, VWAP $0.1848, 100.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/20 $0.1674 -01.08% 75.6%
    03/21 $0.1704 +01.78% 44.5%
    03/24 $0.1692 -00.71% 27.9%
    03/25 $0.1699 +00.42% 57.8%
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%
    04/04 $0.1882 -01.07% 54.1%
    04/07 $0.1834 -02.52% 38.2%
    04/08 $0.1747 -04.78% 24.0%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    04/07: 20 lowest intra-day VWAPs in 40 days avg, $0.1081, x 80%: $0.0865
    04/08: 20 lowest intra-day VWAPs in 40 days avg, $0.1105, x 80%: $0.0884

    Vol in K, for above days: 1,366.66 1,482.26.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are in the latest daily post above.

    Disclosure: I am long AXPW.

    Additional disclosure: I am very experimental and sometimes do my TA in non-traditional fashions. Keep this in mind when considering anything I post and be sure and consult other sources and do your due diligence. I'm barely responsible for myself and certainly not responsible for anyone else or their actions. :-)

    Apr 10 6:40 AM | Link | 2 Comments
  • View H. T. Love's Instablogs On: AXPW, GWMGF, NVAX, UNG, UQM AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 04/08/2014

    Links to blogs older than the 01/01/2014 version, PIPE discussions, one year charts will be found only in that and older blogs. Most historical short sales related stuff has also been chopped.

    In the below chart the volume is inverted to enhance readability! Be aware when you view it!

    (right-click and open in new tab, position cursor over image to be able to zoom and scroll)

    AXPW Intra-day Statistics Chart Test IP Calculations 20140408

    Next are modified inflection point calculation charts bracketing a price chart for comparison. The false bullish moves and contrary moves of the 5-day are gone.

    The two identically calculated inflection points are calculated differently from the original above. I have two different presentations of this newer version. The top one has all periods on the same scale. The bottom one has longer periods on the left scale and shorter periods on the right scale. The hope is that shorter period changes will be easier to spot. More work to do, this is a start, hopefully.

    Other changes I want to try are still waiting for me to work on them.

    (right-click and open in new tab, position cursor over image to be able to zoom and scroll)

    AXPW Intra-day Statistics Chart Test IP Calculations 20140408

    Older stuff for "2013 Dly Sht % of 'sells' values", Weekly 85% price summaries going back to 6/14/2012, and some day-to-day VWAP changes stuff going back to 10/09 are available in AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 10/1/2013.

    "Dly Sht % of 'sells'", inflection point calculation values, and end-of-week 80% (was 85%) PIPE price factors are now only in the latest daily comment.

    The PIPE agreement was amended, changing the 85% calculation to 80%, among other minor things. See AXION POWER INTERNATIONAL, INC., FORM 8-K, Filed 01/03/14 for the Period Ending 01/02/14.

    04/08/2014: EOD stuff partially copied to the concentrator.
    # Trds: 180, MinTrSz: 17, MaxTrSz: 82400, Vol: 1482262, AvTrSz: 8235
    Min. Pr: 0.1691, Max Pr: 0.1850, VW Avg. Tr. Pr: 0.1747
    # Buys, Shares: 54 356136, VW Avg Buy Pr: 0.1760
    # Sells, Shares: 126 1126126, VW Avg Sell Pr: 0.1743
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:3.16 (24.03% "buys"), DlyShts 223389 (15.07%), Dly Sht % of 'sells' 19.84%

    ARCA was in and out all day, very frequently and very aggressively, undercutting the offer on each appearance.

    The average of the lowest 20 VWAPs times 80% today is $0.0884 vs. $0.0865, $0.0848, $0.0831, $0.0819, $0.0816, $0.0812, $0.0807, $0.0800 and $0.0792 on prior days. 80% of today's VWAP is $0.1397 vs. $0.1468, $0.1505, $0.1522, $0.1399, $0.1332, $0.1338, $0.1337, $0.1261 and $0.1361 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved -6.06%, -4.64%, -4.78%, 8.46% and -41.07% respectively. Price spread today was 9.40% vs. 7.78%, 11.30%, 14.22%, 5.88%, 19.76%, 14.20%, 14.23%, 10.67% and 6.71% on prior days.

    The larger trades (>= 15K) occurred on 23 of the 180 trades, 12.78%. These 525,450 shares were 35.45% of day's volume, and traded at a VWAP of $0.1759. 5 of these trades, 21.74%, were buys of 91,500 shares, 17.41% of the larger trades volume, and traded at a VWAP of $0.1772. 18 of the larger trades, 78.26%, were sells of 433,950 shares, 82.59% of the larger trades volume, and traded at a VWAP of $0.1756.

    The other 157 trades, 87.22% of the day's trades, traded 956,812 shares, 64.55% of the days volume. The VWAP was $0.1740. 49 trades, 31.21%, were buys and accounted for 264,636 shares, 27.66% of the smaller trade volume, and traded at a VWAP of $0.1755. 108 trades, 68.79%, were sells and accounted for 692,176 shares, 72.34% of the smaller trade volume, and traded at a VWAP of $0.1735.

    Continuing yesterday's "long-term bullish, short-term not so much" theme, it's not too soon to tell that we're dropping now. We've now had three consecutive days of lower highs and VWAPs, and volume on this down day rose, indicating strength in the down move. Buy percentage was again down substantially. Yesterday I said I believed we'd be shortly testing the strength of $0.18 as a support level and I believed it would fail to hold. Today's close was $.172. If we close again below $0.18, which is likely, we confirm we've moved at least back into the trading channel we left on 4/3. Support for the channel is down at $0.15 and there's a potential pause provided by a sideways move bottom around $0.16, but it does not have any indication of strength because volume was low and when we exited we went down on rising volume.

    Regarding short percentage yesterday I said it was low enough that I suspected lower pricing and even lower short sales percentage to show up and buy percentage should also taper off. Today short percentage moved from 27.24% to 15.07%, we know what pricing did already, and buy percentage dropped from 38.2% to 24%. This trend is not over yet I think.

    For the second consecutive day there was no last-minute price manipulation attempt.

    On the traditional TA front the upward pressure is completely gone.

    Full stochastic continued to fall today. RSI again weakened noticeably to ~57.8, approaching neutral territory. The Bollingers' convergence, is near zip now.

    Momentum is no longer essentially flat just above neutral. It dropped to effectively right at neutral, reading 1.01. ADX related stopped weakening and is now flat.

    There's still no sure sign of late-day weakness or strength. This is the fourth day where I can't see much to lead to a conclusion of what's going to be "normal" behavior.

    My original experimental inflection point calculations have one-day changes going from all six weaker to four weaker and to improved. The big moves are negative in the five and ten-day periods. The change over five days moved from four weakened and only two improved to one improved and five weaker. The rate of change over five days is the same.

    The newer version one-day changes, which two days ago deteriorated badly to all periods weakening with non-minor moves and continued that yesterday except the magnitude of the moves was smaller, continues to weaken today with increasing magnitude. The change over five days, which had five periods weakened, now has all six weakened. It's the same for the average change over those days.

    The newer version's chart pattern, increased it's weakening bias.

    Here's a trading breakdown by arbitrary time-frames.
    09:30-09:40: 136217 shrs, 09.19% of vol, VWAP $0.1801, 002.8% buys
    09:43-10:13: 077600 shrs, 05.24% of vol, VWAP $0.1765, 001.0% buys
    10:16-10:42: 079000 shrs, 05.33% of vol, VWAP $0.1736, 019.0% buys
    10:49-11:00: 113000 shrs, 07.62% of vol, VWAP $0.1749, 044.2% buys
    11:00-11:17: 095532 shrs, 06.45% of vol, VWAP $0.1750, 025.7% buys
    11:18-11:48: 179323 shrs, 12.10% of vol, VWAP $0.1712, 041.7% buys
    11:49-12:28: 119800 shrs, 08.08% of vol, VWAP $0.1719, 008.5% buys
    12:32-12:58: 091800 shrs, 06.19% of vol, VWAP $0.1725, 042.3% buys
    13:02-13:28: 100300 shrs, 06.77% of vol, VWAP $0.1713, 017.9% buys
    13:34-14:12: 147900 shrs, 09.98% of vol, VWAP $0.1730, 017.9% buys
    14:17-14:59: 131350 shrs, 08.86% of vol, VWAP $0.1770, 029.2% buys
    15:00-15:27: 079166 shrs, 05.34% of vol, VWAP $0.1801, 033.1% buys
    15:32-15:45: 036800 shrs, 02.48% of vol, VWAP $0.1776, 000.0% buys
    15:46-15:56: 094474 shrs, 06.37% of vol, VWAP $0.1751, 030.8% buys

    Here's a breakdown by arbitrary price range.
    $0.1691-$0.1693: 050000 shrs, 03.37% of vol, VWAP $0.1692, 000.0% buys
    $0.1700-$0.1720: 554223 shrs, 37.39% of vol, VWAP $0.1713, 013.0% buys
    $0.1725-$0.1745: 196800 shrs, 13.28% of vol, VWAP $0.1735, 042.0% buys
    $0.1750-$0.1771: 266849 shrs, 18.00% of vol, VWAP $0.1757, 026.3% buys
    $0.1780-$0.1798: 203333 shrs, 13.72% of vol, VWAP $0.1790, 036.6% buys
    $0.1800-$0.1800: 185417 shrs, 12.51% of vol, VWAP $0.1800, 016.8% buys
    $0.1840-$0.1850: 025640 shrs, 01.73% of vol, VWAP $0.1848, 100.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/20 $0.1674 -01.08% 75.6%
    03/21 $0.1704 +01.78% 44.5%
    03/24 $0.1692 -00.71% 27.9%
    03/25 $0.1699 +00.42% 57.8%
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%
    04/04 $0.1882 -01.07% 54.1%
    04/07 $0.1834 -02.52% 38.2%
    04/08 $0.1747 -04.78% 24.0%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    04/07: 20 lowest intra-day VWAPs in 40 days avg, $0.1081, x 80%: $0.0865
    04/08: 20 lowest intra-day VWAPs in 40 days avg, $0.1105, x 80%: $0.0884

    Vol in K, for above days: 1,366.66 1,482.26.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are omitted from the concentrator.

    Week ending values related to the PIPE 85% (80% 1/3/14 forward) share pricing:
    02/07: 20 lowest intra-day VWAPs in 40 days avg, $0.0973, x 80%: $0.0779 VWAP $0.1153
    02/14: 20 lowest intra-day VWAPs in 40 days avg, $0.0973, x 80%: $0.0779 VWAP $0.1020
    02/21: 20 lowest intra-day VWAPs in 40 days avg, $0.0966, x 80%: $0.0772 VWAP $0.0940
    02/28: 20 lowest intra-day VWAPs in 40 days avg, $0.0957, x 80%: $0.0766 VWAP $0.0974
    03/07: 20 lowest intra-day VWAPs in 40 days avg, $0.0955, x 80%: $0.0764 VWAP $0.1847
    03/14: 20 lowest intra-day VWAPs in 40 days avg, $0.0956, x 80%: $0.0765 VWAP $0.1605
    03/21: 20 lowest intra-day VWAPs in 40 days avg, $0.0966, x 80%: $0.0773 VWAP $0.1704
    03/28: 20 lowest intra-day VWAPs in 40 days avg, $0.1008, x 80%: $0.0807 VWAP $0.1672
    04/04: 20 lowest intra-day VWAPs in 40 days avg, $0.1060, x 80%: $0.0848 VWAP $0.1882

    Vol, in thousands, for above weeks: 6,742, 7,753 (4 day wk), 5,675, 18,935, 7,805, 2,556, 5,134, 9,037.

    On my ORIGINAL inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    ---- 1-day change ----
    03/28 +05.7% -106.1% -00.6% +05.2% +02.2% +00.5%
    03/31 +03.3% -89.7% +26.2% +00.7% +01.4% -00.4%
    04/01 +10.0% +13.5% +09.0% +01.5% +02.2% +00.5%
    04/02 +16.0% -37.5% -16.8% -03.4% +01.3% -00.4%
    04/03 +87.9% -05.8% +06.7% +03.3% +00.2% +00.3%
    04/04 +101.2% +13.0% +09.8% +08.6% +02.1% +00.6%
    04/07 -9018.7% -06.1% -07.4% -00.5% +00.1% +00.1%
    04/08 -751.1% -56.9% +10.1% -01.4% +01.4% -00.7%

    ---- 5-day change ----
    03/28 +019.5% +019.2% -011.6% +096.0% +095.0% +038.7%
    03/31 +032.7% -149.7% +002.9% -435.3% +3976.2% +047.1%
    04/01 +006.8% -000.8% -009.1% +392.6% +140.7% -020.2%
    04/02 +060.3% -024.4% -010.1% -104.1% +052.6% -094.0%
    04/03 +357.2% +038.2% -001.5% +6873.1% +031.3% +169.5%
    04/04 +003.0% +043.4% +029.5% +038.6% -003.7% +016.3%
    04/07 -012.7% +071.5% -091.2% -010.8% -017.9% +076.2%
    04/08 -091.0% -492.2% +015.0% -029.0% -015.7% -102.5%
    ---- 5-day rate of change ----
    03/28 +019.6% +031.5% +007.2% +039.4% +005.4% +023.0%
    03/31 +066.3% -032.9% +000.1% +036.3% +045.1% +083.7%
    04/01 +017.2% +026.4% -004.4% +074.9% +061.8% -145.1%
    04/02 +201.3% -017.1% +076.9% -107.0% +203.2% -024.6%
    04/03 +294.6% +083.9% -007.2% +361.0% +204.0% +236.1%
    04/04 -011.8% +086.3% +124.4% -011.0% -012.5% -019.7%
    04/07 -024.8% +2376.7% -1369.9% -003.4% -039.8% +014.5%
    04/08 -045.6% -069.4% +011.5% -062.2% -071.4% -074.1%

    On my NEWER inflection point calculations, for those same periods:
    ---- 1-day change ----
    03/28 +023.35% +024.30% +047.26% +035.54% +025.87% +023.34%
    03/31 +005.12% -090.73% +022.26% +002.73% +003.33% +001.26%
    04/01 +009.18% +012.51% +007.32% +000.81% +001.83% -000.41%
    04/02 +046.14% +008.89% +074.98% +035.60% +026.52% +021.97%
    04/03 +240.98% +105.49% +657.31% +105.58% +053.71% +043.72%
    04/04 -011.37% -406.83% -052.69% -803.48% -061.29% -044.04%
    04/07 -075.36% -476.66% -166.30% -166.29% -045.06% -033.16%
    04/08 -842.46% -203.75% -333.82% -091.72% -041.83% -036.06%
    ---- 5-day change ----
    03/28 +027.43% +049.40% +082.76% +071.16% +075.07% +077.17%
    03/31 +036.12% -125.12% +175.10% +078.90% +125.24% +132.15%
    04/01 +005.22% -004.51% -085.23% -027.78% -032.28% -142.66%
    04/02 +088.61% +007.84% +3768.90% +685.14% +1543.07% +1914.63%
    04/03 +1914.17% +158.48% +330.30% +419.99% +278.37% +351.16%
    04/04 -019.35% -047.04% -049.14% -052.32% -053.29% -057.09%
    04/07 -030.90% -042.17% -068.66% -057.22% -055.87% -059.15%
    04/08 -118.27% -755.14% -239.81% -186.55% -157.71% -194.98%
    ---- 5-day rate of change ----
    03/28 +021.88% +020.46% +017.57% +023.74% +017.69% +019.90%
    03/31 +074.54% +030.81% +075.37% +085.98% +087.01% +100.44%
    04/01 +028.21% +041.72% +061.63% +155.84% +169.29% +3738.22%
    04/02 +276.36% +008.56% +470.28% +451.79% +437.04% +209.64%
    04/03 +283.75% +241.20% +373.38% +370.53% +283.60% +305.65%
    04/04 -023.58% -048.47% -057.18% -057.92% -059.26% -062.72%
    04/07 -033.50% +057.91% -078.90% -061.64% -067.50% -071.69%
    04/08 -064.20% -107.26% -292.76% -162.55% -174.04% -205.20%

    Rolling 5-day ORIGINAL inflection point calculation aggregate change:
    ******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
    03/28 5 Day -2186.57 -0680.24 +1251.77 -0022.20 -0012.21 -0365.95
    03/31 5 Day -1470.71 -1698.39 +1287.94 -0118.86 +0473.25 -0193.71
    04/01 5 Day -1370.58 -1711.82 +1171.29 +0347.82 +1139.21 -0232.84
    04/02 5 Day -0543.77 -2130.30 +1053.51 -0014.10 +1738.23 -0451.73
    04/03 5 Day +1398.67 -1317.44 +1037.93 +0955.08 +2282.44 +0314.08
    04/04 5 Day +1441.06 -0745.51 +1343.91 +1323.38 +2198.20 +0365.43
    04/07 5 Day +1258.29 -0212.42 +0117.91 +1180.95 +1804.59 +0643.75
    04/08 5 Day +0112.74 -1257.84 +0135.61 +0838.76 +1520.51 -0016.04

    Average change/day, 5 days
    ____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
    03/28 -738.58 -516.73 -292.38 -350.28 -766.91 -269.09
    03/31 -248.60 -686.86 -292.10 -223.08 -421.39 -043.85
    04/01 -205.87 -505.45 -304.93 -056.00 -160.98 -107.47
    04/02 +208.55 -592.13 -070.46 -115.90 +166.20 -133.89
    04/03 +822.96 -095.21 -075.56 +302.54 +505.25 +182.24
    04/04 +725.53 -013.05 +018.43 +269.12 +442.08 +146.28
    04/07 +545.80 +297.20 -234.01 +259.96 +266.27 +167.49
    04/08 +296.66 +090.80 -207.14 +098.19 +076.26 +043.36

    Rolling 5-day NEWER inflection point calculation aggregate change:
    ******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
    03/28 5 Day -0369.63 -0121.99 -0076.11 -0261.43 -0332.74 -0530.72
    03/31 5 Day -0236.12 -0274.63 +0057.16 -0055.17 +0083.99 +0170.65
    04/01 5 Day -0223.79 -0287.01 +0008.44 -0070.49 +0056.88 -0072.80
    04/02 5 Day -0025.48 -0264.52 +0326.63 +0412.48 +0934.53 +1321.14
    04/03 5 Day +0462.25 +0154.69 +1405.48 +2144.88 +3536.01 +5960.41
    04/04 5 Day +0372.80 +0081.93 +0714.85 +1022.69 +1651.75 +2557.50
    04/07 5 Day +0257.59 +0047.38 +0224.03 +0437.45 +0728.90 +1044.82
    04/08 5 Day -0047.07 -0310.38 -0313.22 -0378.63 -0420.64 -0992.41

    Average change/day, 5 days
    ____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
    03/28 -0157.10 -0152.04 -0223.01 -0300.23 -0525.20 -0777.84
    03/31 -0039.99 -0105.20 -0054.92 -0042.09 -0068.24 +0003.44
    04/01 -0028.71 -0061.31 -0021.07 +0023.51 +0047.28 +0131.92
    04/02 +0050.63 -0056.06 +0078.04 +0129.70 +0253.94 +0408.47
    04/03 +0194.31 +0079.15 +0369.40 +0610.30 +0974.11 +1656.97
    04/04 +0148.48 +0040.78 +0158.19 +0256.82 +0396.90 +0617.64
    04/07 +0098.74 +0064.40 +0033.37 +0098.52 +0128.98 +0174.84
    04/08 +0035.35 -0004.67 -0064.33 -0061.63 -0095.50 -0183.92

    Dly Sht % of 'sells' values JIC it turns out to be useful...
    ============ 2013 ===============
    Mon. 12/30: 10.02% 6.65%
    ============ 2014 ===============
    Mon. 01/27 70.16% 9.32% 52.17% 23.63% 101.56%
    Mon. 02/03 111.49% 65.83% 50.74% 39.44% 45.93%
    Mon. 02/10 26.53% 34.19% 60.92% 50.15% 27.28%
    Tue. 02/18 44.83% 53.95% 25.30% 46.39%
    Mon. 02/24 23.26% 77.84% 112.52% 61.42% 60.59%
    Mon. 03/03 37.80% 39.30% 84.26% 47.35% 65.02%
    Mon. 03/10 49.87% 81.60% 16.78% 69.33% 161.53%
    Mon. 03/17 119.24% 54.59% 197.55% 335.39% 44.23%
    Mon. 03/24 36.88% 97.94% 50.67% 44.05% 111.73%
    Mon. 03/28 54.06% 89.25% 33.83% 65.59% 97.05%
    Mon. 04/07 45.66% 19.84%

    ============ 2013 ===============
    Nov Avg: 28.42%, min: 05.99%, max: 050.60%
    Dec Avg: 29.22%, min: 02.10%, max: 063.82%
    ============ 2014 ===============
    Jan Avg: 54.66%, min: 09.32%, max: 130.29%
    Feb Avg: 50.44%, min: 00.28%, max: 112.52%
    Mar Avg: 85.68%, min: 16.78%, max: 335.39%
    Apr Avg: 58.54%, min: 19.84%, max: 097.05%

    0408 Vol 1482262, Sht 0223389 15.07% LHC 0.1691 0.1850 0.1720 b:s 1:3.16
    0407 Vol 1366662, Sht 0379098 27.74% LHC 0.1800 0.1940 0.1810 b:s 1:1.59
    0404 Vol 2004991, Sht 0879049 43.84% LHC 0.1770 0.1970 0.1860 b:s 1.20:1 [132]
    0403 Vol 2637342, Sht 0804253 30.49% LHC 0.1751 0.2000 0.1800 b:s 1.09:1
    0402 Vol 1086320, Sht 0247942 22.82% LHC 0.1700 0.1800 0.1797 b:s 1:1.91[131]
    0401 Vol 2487682, Sht 1004392 40.37% LHC 0.1503 0.1800 0.1789 b:s 1.21:1
    0331 Vol 0716801, Sht 0258136 36.01% LHC 0.1570 0.1793 0.1698 b:s 1:1.57[130]
    0328 Vol 0614691, Sht 0314460 51.16% LHC 0.1567 0.1790 0.1622 b:s 1.18:1
    0327 Vol 1980546, Sht 0616650 31.14% LHC 0.1500 0.1660 0.1582 b:s 1:2.41
    0326 Vol 1410109, Sht 0496517 35.21% LHC 0.1640 0.1750 0.1661 b:s 1:2.28
    0325 Vol 0630326, Sht 0260578 41.34% LHC 0.1630 0.1780 0.1699 b:s 1.37:1
    0324 Vol 0493200, Sht 0132511 26.87% LHC 0.1620 0.1800 0.1700 b:s 1:2.59
    0321 Vol 0338960, Sht 0082000 24.19% LHC 0.1650 0.1750 0.1703 b:s 1:1.23
    0320 Vol 0360913, Sht 0255063 70.67% LHC 0.1621 0.1700 0.1650 b:s 3.59:1
    0319 Vol 0152034, Sht 0074149 48.77% LHC 0.1550 0.1749 0.1680 b:s 3.05:1
    0318 Vol 0492742, Sht 0117468 23.84% LHC 0.1550 0.1765 0.1680 b:s 1.28:1
    0317 Vol 1210989, Sht 0454724 37.55% LHC 0.1630 0.1800 0.1675 b:s 2.18:1
    0314 Vol 0775124, Sht 0296250 38.22% LHC 0.1530 0.1699 0.1630 b:s 3.23:1
    0313 Vol 0238513, Sht 0053733 22.53% LHC 0.1532 0.1629 0.1598 b:s 2.08:1
    0312 Vol 1203494, Sht 0146037 12.13% LHC 0.1500 0.1750 0.1600 b:s 1:2.65
    0311 Vol 0950331, Sht 0420954 44.30% LHC 0.1726 0.1870 0.1752 b:s 1:1.22
    0310 Vol 4605367, Sht 1306110 28.36% LHC 0.1602 0.2310 0.1800 b:s 1:1.31[129]
    0307 Vol 5359392, Sht 1573661 29.36% LHC 0.1500 0.2199 0.2000 b:s 1.20:1
    0306 Vol 5867182, Sht 1529792 26.07% LHC 0.1330 0.1510 0.1500 b:s 1:1.22[128]
    0305 Vol 4198959, Sht 1718581 40.93% LHC 0.0999 0.1335 0.1335 b:s 1.05:1
    0304 Vol 2651888, Sht 0722884 27.26% LHC 0.0950 0.1010 0.0999 b:s 1:2.33
    0303 Vol 0772417, Sht 0166018 21.49% LHC 0.0952 0.1050 0.0962 b:s 1:1.36

    [128] There were 5 pre-market trades for 85K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 5,867,182 to 5,952,182 and would lower the short percentage from 26.07% to 25.70%. If the shares are also added to the short sales, the short volume moves from 1,529,792 to 1,614,792 and the short percentage would be 27.13%.
    [129] There were 4 pre-market trades for 32.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 4,605,367 to 4,637,867 and would lower the short percentage from 28.36% to 28.16%. If the shares are also added to the short sales, the short volume moves from 1,306,110 to 1,338,610 and the short percentage would be 28.86%.
    [130] There was 1 after-hours trade for 70K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 716,801 to 786,801 and would lower the short percentage from 36.01% to 32.81%. If the shares are also added to the short sales, the short volume moves from 258,136 to 328,136 and the short percentage would be 41.71%.
    [131] There were 5 pre-market trades for 30K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 1,086,320 to 1,116,320 and would lower the short percentage from 22.82% to 22.21%. If the shares are also added to the short sales, the short volume moves from 247,942 to 277,942 and the short percentage would be 24.90%.
    [132] There was 1 pre-market trade for 3.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 2,004,991 to 2,008,491 and would lower the short percentage from 42.84% to 43.77%. If the shares are also added to the short sales, the short volume moves from 879,049 to 882,549 and the short percentage would be 43.94%.

    Disclosure: I am long AXPW.

    Additional disclosure: I am very experimental and sometimes do my TA in non-traditional fashions. Keep this in mind when considering anything I post and be sure and consult other sources and do your due diligence. I'm barely responsible for myself and certainly not responsible for anyone else or their actions. :-)

    Apr 10 6:31 AM | Link | Comment!
  • AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 04/01/2014

    Links to blogs older than the 01/01/2014 version, PIPE discussions, one year charts will be found only in that and older blogs. Most historical short sales related stuff has also been chopped.

    In the below chart the volume is inverted to enhance readability! Be aware when you view it!

    (right-click and open in new tab, position cursor over image to be able to zoom and scroll)

    AXPW Intra-day Statistics Chart 20140407

    Next are modified inflection point calculation charts bracketing a price chart for comparison. The false bullish moves and contrary moves of the 5-day are gone.

    The two identically calculated inflection points are calculated differently from the original above. I have two different presentations of this newer version. The top one has all periods on the same scale. The bottom one has longer periods on the left scale and shorter periods on the right scale. The hope is that shorter period changes will be easier to spot. More work to do, this is a start, hopefully.

    Other changes I want to try are still waiting for me to work on them.

    (right-click and open in new tab, position cursor over image to be able to zoom and scroll)

    AXPW Intra-day Statistics Chart Test IP Calculations 20140407

    Older stuff for "2013 Dly Sht % of 'sells' values", Weekly 85% price summaries going back to 6/14/2012, and some day-to-day VWAP changes stuff going back to 10/09 are available in AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 10/1/2013.

    "Dly Sht % of 'sells'", inflection point calculation values, and end-of-week 80% (was 85%) PIPE price factors are now only in the latest daily comment.

    The PIPE agreement was amended, changing the 85% calculation to 80%, among other minor things. See AXION POWER INTERNATIONAL, INC., FORM 8-K, Filed 01/03/14 for the Period Ending 01/02/14.

    04/07/2014: EOD stuff partially copied to the concentrator.
    # Trds: 121, MinTrSz: 25, MaxTrSz: 120125, Vol: 1366662, AvTrSz: 11295
    Min. Pr: 0.1800, Max Pr: 0.1940, VW Avg. Tr. Pr: 0.1834
    # Buys, Shares: 51 521478, VW Avg Buy Pr: 0.1857
    # Sells, Shares: 69 830184, VW Avg Sell Pr: 0.1821
    # Unkn, Shares: 1 15000, VW Avg Unk. Pr: 0.1825
    Buy:Sell 1:1.59 (38.16% "buys"), DlyShts 379098 (27.74%), Dly Sht % of 'sells' 45.66%

    The average of the lowest 20 VWAPs times 80% today is $0.0865 vs. $0.0848, $0.0831, $0.0819, $0.0816, $0.0812, $0.0807, $0.0800, $0.0792 and $0.0784 on prior days. 80% of today's VWAP is $0.1468 vs. $0.1505, $0.1522, $0.1399, $0.1332, $0.1338, $0.1337 vs. $0.1261, $0.1361 and $0.1359 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved 1.69%, -1.52%, -2.52%, -31.96% and -56.87% respectively. Price spread today was 7.78% vs. 11.30%, 14.22%, 5.88%, 19.76%, 14.20%, 14.23%, 10.67%, 6.71% and 9.20% on prior days.

    The larger trades (>= 15K) occurred on 32 of the 121 trades, 26.45%. These 845,817 shares were 61.89% of day's volume, and traded at a VWAP of $0.1834. 8 of these trades, 25.00%, were buys of 281,950 shares, 33.33% of the larger trades volume, and traded at a VWAP of $0.1859. 23 of the larger trades, 71.88%, were sells of 548,867 shares, 64.89% of the larger trades volume, and traded at a VWAP of $0.1821. 1 unknown trade of 15,000 shares, 1.77% of the larger trade volume, occurred at $0.1825.

    The other 89 trades, 73.55% of the day's trades, traded 520,845 shares, 38.11% of the days volume. The VWAP was $0.1836. 43 trades, 48.31%, were buys and accounted for 239,528 shares, 45.99% of the smaller trade volume, and traded at a VWAP of $0.1854. 46 trades, 51.69%, were sells and accounted for 239,528 shares, 45.99% of the smaller trade volume, and traded at a VWAP of $0.1854.

    As stated yesterday, long-term I'm still more optimistic and I said short-term, it looked like the "pop" was ending and we'd get to shortly see what "normalcy" develops. Still too soon to tell, but we've had two consecutive days of lower highs, VWAPs, and volumes. With buy percentage down substantially today as average trade size increased I do believe we'll be shortly testing the strength of $0.18 as a support level. I believe it will fail to hold. This conclusion is influenced by the reduced short sale percentage today. I've mentioned in the past that excessively low short sales percentage is often correlated with lower price action. Today's short percentage wasn't earth shattering, but it's low enough that I suspect lower pricing and even lower short sales percentage to show up. Buy percentage should also taper off.

    There was no last-minute price manipulation attempt. This is the first day since 3/31 that this has been the case. The prices leading into the close in the last twenty minutes were normal in size, were all sells and were near ranges of prices leading into the period. To be fair, regardless of my TFH, I guess I could assert that someone was trying to manipulate price lower so they could buy. But the trading trend did not suggest that to me.

    This breaks our string of six consecutive higher closes.

    Yesterday on the traditional TA front I said it looks like any upward pressure is abating ... again.

    Full stochastic exited overbought territory and crossed below its average yesterday and continued to fall today. RSI, which had remained essentially flat even with a small uptick to ~69.8 just below overbought, weakened noticeably today to 65.21, approaching neutral territory.

    The Bollingers , which I said was near ending their convergence, is near now with the lower limit going flat (.1546 to .1545 today) and the upper limit rate of descent is steady at "medium" now.

    Momentum got remained essentially flat just above neutral, dropping 1/100the to 1.097 from 1.107. ADX related continued to give up the wee bit of strengthening displayed last Thursday. The rest of the oscillators are weakening.

    There's still now sure sign of late-day weakness or strength. This is the third day where I can't see much to lead to a conclusion of "normal" behavior.

    My original experimental inflection point calculations have one-day changes flipped big time from all six improved to all weaker. But the 5-day period took a BIG swing and says the price is going to tank. It went from +1.5 to -134.05, a (9018.7%) change. The change over five days moved from five improved two consecutive days to four weakened and only two improved. The rate of change over five days, which began deteriorating yesterday with one period improving while the other five weakened, now has two improved and four weaker. I suspect this will get much more negative tomorrow

    The newer version one-day changes, which yesterday deteriorated badly flipping from all periods showing improvement to all periods weakening with non-minor moves, continues to weaken but at least the moves aren't so large. They are not minor either. The change over five days which flipped from all six periods improved slightly from all periods weakened by consequential magnitudes to five weakened and the magnitude of changes were generally smaller. It's the same for the average change over those days.

    The newer version's chart pattern, which yesterday fell of the trend that had begun to form a pattern suggesting a rise, today increased it's weakening bias. I yesterday said maybe the exit from the pop was occurring and thought alertness was warranted. Today does suggest we should don life savers.

    Here's a trading breakdown by arbitrary time-frames.
    09:30-09:43: 048300 shrs, 03.53% of vol, VWAP $0.1907, 100.0% buys
    09:30-10:02: 076080 shrs, 05.57% of vol, VWAP $0.1889, 100.0% buys
    10:25-10:43: 045000 shrs, 03.29% of vol, VWAP $0.1867, 044.4% buys
    11:23-12:58: 261123 shrs, 19.11% of vol, VWAP $0.1856, 065.5% buys
    13:00-13:25: 241200 shrs, 17.65% of vol, VWAP $0.1824, 024.8% buys
    13:26-13:37: 195000 shrs, 14.27% of vol, VWAP $0.1839, 053.3% buys
    13:42-14:15: 224725 shrs, 16.44% of vol, VWAP $0.1815, 001.9% buys
    14:18-15:27: 260934 shrs, 19.09% of vol, VWAP $0.1815, 021.9% buys
    15:29-15:33: 036600 shrs, 02.68% of vol, VWAP $0.1836, 063.7% buys
    15:38-15:53: 026000 shrs, 01.90% of vol, VWAP $0.1827, 023.1% buys

    Here's a breakdown by arbitrary price range.
    $0.1800-$0.1820: 621121 shrs, 45.45% of vol, VWAP $0.1811, 006.5% buys
    $0.1825-$0.1840: 229473 shrs, 16.79% of vol, VWAP $0.1836, 042.1% buys
    $0.1850-$0.1860: 392968 shrs, 28.75% of vol, VWAP $0.1855, 066.6% buys
    $0.1870-$0.1880: 063800 shrs, 04.67% of vol, VWAP $0.1872, 100.0% buys
    $0.1883-$0.1900: 042000 shrs, 03.07% of vol, VWAP $0.1889, 100.0% buys
    $0.1940-$0.1940: 017300 shrs, 01.27% of vol, VWAP $0.1940, 100.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/18 $0.1707 +00.33% 55.8%
    03/19 $0.1692 -00.86% 75.3%
    03/20 $0.1674 -01.08% 75.6%
    03/21 $0.1704 +01.78% 44.5%
    03/24 $0.1692 -00.71% 27.9%
    03/25 $0.1699 +00.42% 57.8%
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%
    04/04 $0.1882 -01.07% 54.1%
    04/07 $0.1834 -02.52% 38.2%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    04/07: 20 lowest intra-day VWAPs in 40 days avg, $0.1081, x 80%: $0.0865

    Vol in K, for above days: 1,366.66.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are omitted from the concentrator.

    Week ending values related to the PIPE 85% (80% 1/3/14 forward) share pricing:
    02/07: 20 lowest intra-day VWAPs in 40 days avg, $0.0973, x 80%: $0.0779 VWAP $0.1153
    02/14: 20 lowest intra-day VWAPs in 40 days avg, $0.0973, x 80%: $0.0779 VWAP $0.1020
    02/21: 20 lowest intra-day VWAPs in 40 days avg, $0.0966, x 80%: $0.0772 VWAP $0.0940
    02/28: 20 lowest intra-day VWAPs in 40 days avg, $0.0957, x 80%: $0.0766 VWAP $0.0974
    03/07: 20 lowest intra-day VWAPs in 40 days avg, $0.0955, x 80%: $0.0764 VWAP $0.1847
    03/14: 20 lowest intra-day VWAPs in 40 days avg, $0.0956, x 80%: $0.0765 VWAP $0.1605
    03/21: 20 lowest intra-day VWAPs in 40 days avg, $0.0966, x 80%: $0.0773 VWAP $0.1704
    03/28: 20 lowest intra-day VWAPs in 40 days avg, $0.1008, x 80%: $0.0807 VWAP $0.1672
    04/04: 20 lowest intra-day VWAPs in 40 days avg, $0.1060, x 80%: $0.0848 VWAP $0.1882

    Vol, in thousands, for above weeks: 6,742, 7,753 (4 day wk), 5,675, 18,935, 7,805, 2,556, 5,134, 9,037.

    On my ORIGINAL inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    ---- 1-day change ----
    03/27 -199.4% -159.3% +05.4% -04.4% -01.5% -01.1%
    03/28 +05.7% -106.1% -00.6% +05.2% +02.2% +00.5%
    03/31 +03.3% -89.7% +26.2% +00.7% +01.4% -00.4%
    04/01 +10.0% +13.5% +09.0% +01.5% +02.2% +00.5%
    04/02 +16.0% -37.5% -16.8% -03.4% +01.3% -00.4%
    04/03 +87.9% -05.8% +06.7% +03.3% +00.2% +00.3%
    04/04 +101.2% +13.0% +09.8% +08.6% +02.1% +00.6%
    04/07 -9018.7% -06.1% -07.4% -00.5% +00.1% +00.1%

    ---- 5-day change ----
    03/27 -071.2% -201.3% +000.7% -198.6% -126.9% -374.2%
    03/28 +019.5% +019.2% -011.6% +096.0% +095.0% +038.7%
    03/31 +032.7% -149.7% +002.9% -435.3% +3976.2% +047.1%
    04/01 +006.8% -000.8% -009.1% +392.6% +140.7% -020.2%
    04/02 +060.3% -024.4% -010.1% -104.1% +052.6% -094.0%
    04/03 +357.2% +038.2% -001.5% +6873.1% +031.3% +169.5%
    04/04 +003.0% +043.4% +029.5% +038.6% -003.7% +016.3%
    04/07 -012.7% +071.5% -091.2% -010.8% -017.9% +076.2%
    ---- 5-day rate of change ----
    03/27 -014.7% -148.5% +005.0% -097.5% -022.4% -198.0%
    03/28 +019.6% +031.5% +007.2% +039.4% +005.4% +023.0%
    03/31 +066.3% -032.9% +000.1% +036.3% +045.1% +083.7%
    04/01 +017.2% +026.4% -004.4% +074.9% +061.8% -145.1%
    04/02 +201.3% -017.1% +076.9% -107.0% +203.2% -024.6%
    04/03 +294.6% +083.9% -007.2% +361.0% +204.0% +236.1%
    04/04 -011.8% +086.3% +124.4% -011.0% -012.5% -019.7%
    04/07 -024.8% +2376.7% -1369.9% -003.4% -039.8% +014.5%

    On my NEWER inflection point calculations, for those same periods:
    ---- 1-day change ----
    03/27 -266.35% -249.88% -121.93% -067.45% -039.28% -035.01%
    03/28 +023.35% +024.30% +047.26% +035.54% +025.87% +023.34%
    03/31 +005.12% -090.73% +022.26% +002.73% +003.33% +001.26%
    04/01 +009.18% +012.51% +007.32% +000.81% +001.83% -000.41%
    04/02 +046.14% +008.89% +074.98% +035.60% +026.52% +021.97%
    04/03 +240.98% +105.49% +657.31% +105.58% +053.71% +043.72%
    04/04 -011.37% -406.83% -052.69% -803.48% -061.29% -044.04%
    04/07 -075.36% -476.66% -166.30% -166.29% -045.06% -033.16%
    ---- 5-day change ----
    03/27 -082.77% -1628.32% -594.76% -284.09% -298.18% -222.30%
    03/28 +027.43% +049.40% +082.76% +071.16% +075.07% +077.17%
    03/31 +036.12% -125.12% +175.10% +078.90% +125.24% +132.15%
    04/01 +005.22% -004.51% -085.23% -027.78% -032.28% -142.66%
    04/02 +088.61% +007.84% +3768.90% +685.14% +1543.07% +1914.63%
    04/03 +1914.17% +158.48% +330.30% +419.99% +278.37% +351.16%
    04/04 -019.35% -047.04% -049.14% -052.32% -053.29% -057.09%
    04/07 -030.90% -042.17% -068.66% -057.22% -055.87% -059.15%
    ---- 5-day rate of change ----
    03/27 -019.18% -058.08% -038.23% -055.49% -042.88% -052.62%
    03/28 +021.88% +020.46% +017.57% +023.74% +017.69% +019.90%
    03/31 +074.54% +030.81% +075.37% +085.98% +087.01% +100.44%
    04/01 +028.21% +041.72% +061.63% +155.84% +169.29% +3738.22%
    04/02 +276.36% +008.56% +470.28% +451.79% +437.04% +209.64%
    04/03 +283.75% +241.20% +373.38% +370.53% +283.60% +305.65%
    04/04 -023.58% -048.47% -057.18% -057.92% -059.26% -062.72%
    04/07 -033.50% +057.91% -078.90% -061.64% -067.50% -071.69%

    Rolling 5-day ORIGINAL inflection point calculation aggregate change:
    ******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
    03/27 5 Day -2716.12 -0841.40 +1415.74 -0557.63 -0243.81 -0597.11
    03/28 5 Day -2186.57 -0680.24 +1251.77 -0022.20 -0012.21 -0365.95
    03/31 5 Day -1470.71 -1698.39 +1287.94 -0118.86 +0473.25 -0193.71
    04/01 5 Day -1370.58 -1711.82 +1171.29 +0347.82 +1139.21 -0232.84
    04/02 5 Day -0543.77 -2130.30 +1053.51 -0014.10 +1738.23 -0451.73
    04/03 5 Day +1398.67 -1317.44 +1037.93 +0955.08 +2282.44 +0314.08
    04/04 5 Day +1441.06 -0745.51 +1343.91 +1323.38 +2198.20 +0365.43
    04/07 5 Day +1258.29 -0212.42 +0117.91 +1180.95 +1804.59 +0643.75

    Average change/day, 5 days
    ____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
    03/27 -918.17 -754.86 -315.12 -578.22 -811.01 -349.48
    03/28 -738.58 -516.73 -292.38 -350.28 -766.91 -269.09
    03/31 -248.60 -686.86 -292.10 -223.08 -421.39 -043.85
    04/01 -205.87 -505.45 -304.93 -056.00 -160.98 -107.47
    04/02 +208.55 -592.13 -070.46 -115.90 +166.20 -133.89
    04/03 +822.96 -095.21 -075.56 +302.54 +505.25 +182.24
    04/04 +725.53 -013.05 +018.43 +269.12 +442.08 +146.28
    04/07 +545.80 +297.20 -234.01 +259.96 +266.27 +167.49

    Rolling 5-day NEWER inflection point calculation aggregate change:
    ******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
    03/27 5 Day -0509.31 -0241.08 -0441.54 -0906.61 -1334.56 -2324.42
    03/28 5 Day -0369.63 -0121.99 -0076.11 -0261.43 -0332.74 -0530.72
    03/31 5 Day -0236.12 -0274.63 +0057.16 -0055.17 +0083.99 +0170.65
    04/01 5 Day -0223.79 -0287.01 +0008.44 -0070.49 +0056.88 -0072.80
    04/02 5 Day -0025.48 -0264.52 +0326.63 +0412.48 +0934.53 +1321.14
    04/03 5 Day +0462.25 +0154.69 +1405.48 +2144.88 +3536.01 +5960.41
    04/04 5 Day +0372.80 +0081.93 +0714.85 +1022.69 +1651.75 +2557.50
    04/07 5 Day +0257.59 +0047.38 +0224.03 +0437.45 +0728.90 +1044.82

    Average change/day, 5 days
    ____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
    03/27 -0201.10 -0191.14 -0270.55 -0393.67 -0638.11 -0971.10
    03/28 -0157.10 -0152.04 -0223.01 -0300.23 -0525.20 -0777.84
    03/31 -0039.99 -0105.20 -0054.92 -0042.09 -0068.24 +0003.44
    04/01 -0028.71 -0061.31 -0021.07 +0023.51 +0047.28 +0131.92
    04/02 +0050.63 -0056.06 +0078.04 +0129.70 +0253.94 +0408.47
    04/03 +0194.31 +0079.15 +0369.40 +0610.30 +0974.11 +1656.97
    04/04 +0148.48 +0040.78 +0158.19 +0256.82 +0396.90 +0617.64
    04/07 +0098.74 +0064.40 +0033.37 +0098.52 +0128.98 +0174.84

    Dly Sht % of 'sells' values JIC it turns out to be useful...
    ============ 2013 ===============
    Mon. 12/30: 10.02% 6.65%
    ============ 2014 ===============
    Mon. 01/27 70.16% 9.32% 52.17% 23.63% 101.56%
    Mon. 02/03 111.49% 65.83% 50.74% 39.44% 45.93%
    Mon. 02/10 26.53% 34.19% 60.92% 50.15% 27.28%
    Tue. 02/18 44.83% 53.95% 25.30% 46.39%
    Mon. 02/24 23.26% 77.84% 112.52% 61.42% 60.59%
    Mon. 03/03 37.80% 39.30% 84.26% 47.35% 65.02%
    Mon. 03/10 49.87% 81.60% 16.78% 69.33% 161.53%
    Mon. 03/17 119.24% 54.59% 197.55% 335.39% 44.23%
    Mon. 03/24 36.88% 97.94% 50.67% 44.05% 111.73%
    Mon. 03/28 54.06% 89.25% 33.83% 65.59% 97.05%
    Mon. 04/07 45.66%

    ============ 2013 ===============
    Nov Avg: 28.42%, min: 05.99%, max: 050.60%
    Dec Avg: 29.22%, min: 02.10%, max: 063.82%
    ============ 2014 ===============
    Jan Avg: 54.66%, min: 09.32%, max: 130.29%
    Feb Avg: 50.44%, min: 00.28%, max: 112.52%
    Mar Avg: 85.68%, min: 16.78%, max: 335.39%
    Apr Avg: 66.28%, min: 33.83%, max: 097.05%

    0407 Vol 1366662, Sht 0379098 27.74% LHC 0.1800 0.1940 0.1810 b:s 1:1.59
    0404 Vol 2004991, Sht 0879049 43.84% LHC 0.1770 0.1970 0.1860 b:s 1.20:1 [132]
    0403 Vol 2637342, Sht 0804253 30.49% LHC 0.1751 0.2000 0.1800 b:s 1.09:1
    0402 Vol 1086320, Sht 0247942 22.82% LHC 0.1700 0.1800 0.1797 b:s 1:1.91[131]
    0401 Vol 2487682, Sht 1004392 40.37% LHC 0.1503 0.1800 0.1789 b:s 1.21:1
    0331 Vol 0716801, Sht 0258136 36.01% LHC 0.1570 0.1793 0.1698 b:s 1:1.57[130]
    0328 Vol 0614691, Sht 0314460 51.16% LHC 0.1567 0.1790 0.1622 b:s 1.18:1
    0327 Vol 1980546, Sht 0616650 31.14% LHC 0.1500 0.1660 0.1582 b:s 1:2.41
    0326 Vol 1410109, Sht 0496517 35.21% LHC 0.1640 0.1750 0.1661 b:s 1:2.28
    0325 Vol 0630326, Sht 0260578 41.34% LHC 0.1630 0.1780 0.1699 b:s 1.37:1
    0324 Vol 0493200, Sht 0132511 26.87% LHC 0.1620 0.1800 0.1700 b:s 1:2.59
    0321 Vol 0338960, Sht 0082000 24.19% LHC 0.1650 0.1750 0.1703 b:s 1:1.23
    0320 Vol 0360913, Sht 0255063 70.67% LHC 0.1621 0.1700 0.1650 b:s 3.59:1
    0319 Vol 0152034, Sht 0074149 48.77% LHC 0.1550 0.1749 0.1680 b:s 3.05:1
    0318 Vol 0492742, Sht 0117468 23.84% LHC 0.1550 0.1765 0.1680 b:s 1.28:1
    0317 Vol 1210989, Sht 0454724 37.55% LHC 0.1630 0.1800 0.1675 b:s 2.18:1
    0314 Vol 0775124, Sht 0296250 38.22% LHC 0.1530 0.1699 0.1630 b:s 3.23:1
    0313 Vol 0238513, Sht 0053733 22.53% LHC 0.1532 0.1629 0.1598 b:s 2.08:1
    0312 Vol 1203494, Sht 0146037 12.13% LHC 0.1500 0.1750 0.1600 b:s 1:2.65
    0311 Vol 0950331, Sht 0420954 44.30% LHC 0.1726 0.1870 0.1752 b:s 1:1.22
    0310 Vol 4605367, Sht 1306110 28.36% LHC 0.1602 0.2310 0.1800 b:s 1:1.31[129]
    0307 Vol 5359392, Sht 1573661 29.36% LHC 0.1500 0.2199 0.2000 b:s 1.20:1
    0306 Vol 5867182, Sht 1529792 26.07% LHC 0.1330 0.1510 0.1500 b:s 1:1.22[128]
    0305 Vol 4198959, Sht 1718581 40.93% LHC 0.0999 0.1335 0.1335 b:s 1.05:1
    0304 Vol 2651888, Sht 0722884 27.26% LHC 0.0950 0.1010 0.0999 b:s 1:2.33
    0303 Vol 0772417, Sht 0166018 21.49% LHC 0.0952 0.1050 0.0962 b:s 1:1.36

    [128] There were 5 pre-market trades for 85K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 5,867,182 to 5,952,182 and would lower the short percentage from 26.07% to 25.70%. If the shares are also added to the short sales, the short volume moves from 1,529,792 to 1,614,792 and the short percentage would be 27.13%.
    [129] There were 4 pre-market trades for 32.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 4,605,367 to 4,637,867 and would lower the short percentage from 28.36% to 28.16%. If the shares are also added to the short sales, the short volume moves from 1,306,110 to 1,338,610 and the short percentage would be 28.86%.
    [130] There was 1 after-hours trade for 70K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 716,801 to 786,801 and would lower the short percentage from 36.01% to 32.81%. If the shares are also added to the short sales, the short volume moves from 258,136 to 328,136 and the short percentage would be 41.71%.
    [131] There were 5 pre-market trades for 30K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 1,086,320 to 1,116,320 and would lower the short percentage from 22.82% to 22.21%. If the shares are also added to the short sales, the short volume moves from 247,942 to 277,942 and the short percentage would be 24.90%.
    [132] There was 1 pre-market trade for 3.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 2,004,991 to 2,008,491 and would lower the short percentage from 42.84% to 43.77%. If the shares are also added to the short sales, the short volume moves from 879,049 to 882,549 and the short percentage would be 43.94%.

    04/04/2014: EOD stuff partially copied to the concentrator.
    # Trds: 191, MinTrSz: 300, MaxTrSz: 87500, Vol: 2008491, AvTrSz: 10516
    Min. Pr: 0.1770, Max Pr: 0.1970, VW Avg. Tr. Pr: 0.1882
    # Buys, Shares: 95 1086399, VW Avg Buy Pr: 0.1895
    # Sells, Shares: 95 905725, VW Avg Sell Pr: 0.1866
    # Unkn, Shares: 1 16367, VW Avg Unk. Pr: 0.1827
    Buy:Sell 1.20:1 (54.09% "buys"), DlyShts 879049 (43.77%), Dly Sht % of 'sells' 97.05%

    There was 1 pre-market trade for 3.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 2,004,991 to 2,008,491 and would lower the short percentage from 42.84% to 43.77%. If the shares are also added to the short sales, the short volume moves from 879,049 to 882,549 and the short percentage would be 43.94%.

    The average of the lowest 20 VWAPs times 80% today is $0.0848 vs. $0.0831, $0.0819, $0.0816, $0.0812, $0.0807, $0.0800, $0.0792, $0.0784 and $0.0777 on prior days. 80% of today's VWAP is $0.1505 vs. $0.1522, $0.1399, $0.1332, $0.1338, $0.1337 vs. $0.1261, $0.1361, $0.1359 and $0.1353 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved 1.09%, -1.50%, -1.07%, -23.84% and 9.30% respectively. Price spread today was 11.30% vs. 14.22%, 5.88%, 19.76%, 14.20%, 14.23%, 10.67%, 6.71%, 9.20% and 11.11% on prior days.

    The larger trades (>= 15K) occurred on 41 of the 191 trades, 21.47%. These 1,116,950 shares were 55.61% of day's volume, and traded at a VWAP of $0.1892. 22 of these trades, 53.66%, were buys of 676,833 shares, 60.60% of the larger trades volume, and traded at a VWAP of $0.1905. 18 of the larger trades, 43.90%, were sells of 423,750 shares, 37.94% of the larger trades volume, and traded at a VWAP of $0.1875. One unknown trade of 16,367, 1.47% of the larger trade volume, occurred at $0.1827.

    The other 150 trades, 78.53% of the day's trades, traded 891,541 shares, 44.39% of the days volume. The VWAP was $0.1869. 73 trades, 48.67%, were buys and accounted for 409,566 shares, 45.94% of the smaller trade volume, and traded at a VWAP of $0.1879. 77 trades, 51.33%, were sells and accounted for 481,975 shares, 54.06% of the smaller trade volume, and traded at a VWAP of $0.1859.

    Long-term I'm still more optimistic. Short-term, it looks like the "pop" is ending and we'll get to shortly see what "normalcy" develops.

    As with every day since 3/31, there were some "last minute" trades that raised our closing price from what would have been suggested by normal trading heading into the closing few minutes. Today one trade of 400 shares at 15:58:10 took a potential, and more reasonable based on activity leading up to that trade, close from $0.1830-$0.1835 to $0.1860. It was, of course, a "buy" that hit the offer, as usual.

    This extends our string of consecutive higher close to six, starting from 3/28. One or two, IIRC, appeared "real" to me and the others "constructed".

    On the traditional TA front, it looks like any upward pressure is abating ... again.

    Full stochastic remains exited overbought territory and crossed below it average. RSI remains essentially flat even with a small uptick to ~69.8, just below overbought.

    The Bollingers look to be near ending their convergence, which has been happening at a constantly reducing rate. Momentum got a very small bump up, but remains essentially flat just above neutral at ~1.11. ADX related gave up yesterday's wee bit of strengthening. The rest of the oscillators remain mixed.

    I have mentioned that late-day strength seems the M.O. now, rather than late-day weakness. Two days back we saw neither weakness nor strength later in the day and yesterday day we saw weakness. Today didn't show much strength late, but I can't say it was strong either. Look at the trading breakdown by time. Still can't say if trend is changing or just displaying some indecision.

    My original experimental inflection point calculations have one-day changes improved from four periods improved to all six improved, but only marginally. The change over five days continues with five improved for the second day. The rate of change over five days is deteriorating with one period improving while the other five weaken.

    The newer version one-day changes, deteriorated badly flipping from all periods showing improvement to all periods weakening. They were not minor moves either. Ditto for the change over five days which flipped from all six periods improved for two consecutive days to all periods weakened by consequential magnitudes. It's the same for the average change over those days which had all periods showing improvement.

    The newer version's chart pattern, which had begun to form the pattern suggesting a rise is coming, fell of that trend today. I had mentioned one or two more days should get us out of the "pop" period and today maybe that's occurring. I would think today's deterioration warrants alertness, but doesn't yet suggest we should don life savers - we know we've had volatility for a long time and have seen occurrences of dips before substantial rises.

    Here's a trading breakdown by arbitrary time-frames.
    08:12-09:33: 030166 shrs, 01.50% of vol, VWAP $0.1801, 015.5% buys
    09:34-10:15: 056500 shrs, 02.81% of vol, VWAP $0.1795, 082.3% buys
    10:15-10:30: 072589 shrs, 03.61% of vol, VWAP $0.1816, 053.3% buys
    10:31-10:44: 108133 shrs, 05.38% of vol, VWAP $0.1866, 063.0% buys
    10:48-11:09: 118500 shrs, 05.90% of vol, VWAP $0.1870, 051.5% buys
    11:19-11:41: 122998 shrs, 06.12% of vol, VWAP $0.1869, 034.1% buys
    11:42-12:13: 241675 shrs, 12.03% of vol, VWAP $0.1887, 077.0% buys
    12:19-12:34: 078500 shrs, 03.91% of vol, VWAP $0.1885, 066.9% buys
    12:39-12:50: 191175 shrs, 09.52% of vol, VWAP $0.1937, 067.0% buys
    12:51-13:05: 235575 shrs, 11.73% of vol, VWAP $0.1911, 046.7% buys
    13:15-13:57: 361450 shrs, 18.00% of vol, VWAP $0.1918, 056.4% buys
    13:58-14:33: 160500 shrs, 07.99% of vol, VWAP $0.1861, 054.5% buys
    14:48-15:16: 060000 shrs, 02.99% of vol, VWAP $0.1834, 000.0% buys
    15:18-15:41: 107000 shrs, 05.33% of vol, VWAP $0.1830, 039.0% buys
    15:50-15:58: 063730 shrs, 03.17% of vol, VWAP $0.1822, 024.2% buys

    Here's a breakdown by arbitrary price range.
    $0.1770-$0.1771: 010000 shrs, 00.50% of vol, VWAP $0.1770, 000.0% buys
    $0.1800-$0.1849: 479730 shrs, 23.89% of vol, VWAP $0.1823, 034.3% buys
    $0.1850-$0.1899: 695561 shrs, 34.63% of vol, VWAP $0.1875, 060.6% buys
    $0.1900-$0.1949: 743200 shrs, 37.00% of vol, VWAP $0.1919, 059.2% buys
    $0.1960-$0.1970: 080000 shrs, 03.98% of vol, VWAP $0.1963, 075.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/17 $0.1701 +06.02% 68.5%
    03/18 $0.1707 +00.33% 55.8%
    03/19 $0.1692 -00.86% 75.3%
    03/20 $0.1674 -01.08% 75.6%
    03/21 $0.1704 +01.78% 44.5%
    03/24 $0.1692 -00.71% 27.9%
    03/25 $0.1699 +00.42% 57.8%
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%
    04/04 $0.1882 -01.07% 54.1%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    03/31: 20 lowest intra-day VWAPs in 40 days avg, $0.1015, x 80%: $0.0812
    04/01: 20 lowest intra-day VWAPs in 40 days avg, $0.1021, x 80%: $0.0816
    04/02: 20 lowest intra-day VWAPs in 40 days avg, $0.1024, x 80%: $0.0819
    04/03: 20 lowest intra-day VWAPs in 40 days avg, $0.1038, x 80%: $0.0831
    04/04: 20 lowest intra-day VWAPs in 40 days avg, $0.1060, x 80%: $0.0848

    Vol in K, for above days: 786.80 2,487.68 1,116.32 2,637.34 2,008.49.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are in the latest daily post above.

    04/03/2014: EOD stuff partially copied to the concentrator.
    # Trds: 269, MinTrSz: 100, MaxTrSz: 95000, Vol: 2637342, AvTrSz: 9804
    Min. Pr: 0.1751, Max Pr: 0.2000, VW Avg. Tr. Pr: 0.1902
    # Buys, Shares: 151 1332918, VW Avg Buy Pr: 0.1920
    # Sells, Shares: 112 1226224, VW Avg Sell Pr: 0.1882
    # Unkn, Shares: 6 78200, VW Avg Unk. Pr: 0.1905
    Buy:Sell 1.09:1 (50.54% "buys"), DlyShts 804253 (30.49%), Dly Sht % of 'sells' 65.59%

    From John Petersen's article of 2/2/2014, "Axion Power: Out Of The PIPE And Into The Light - Part II":
    ===========================================================
    ... the February true-up and the March pre-installment will be based on trading prices during December and January while the April pre-installment will be based on trading prices during January and February.

    Over the last seven months it didn't matter if the PIPE investors drove the price down through aggressive selling tactics because the true-up requirements simply increased the number of shares issuable at the next payment date. That dynamic will not apply over the next two months because the potential true-up value on the 10.5 million shares issuable for the March and April pre-installments can't possibly offset the related cost of selling enough shares to depress the price further. Since it appears that the PIPE investors have already recovered their investment and fund managers usually receive a bonus equal to 20% or 25% of the profits generated by their funds, indiscriminate selling that reduces total proceeds from future stock sales will directly and negatively impact the managers' bonuses.

    The bottom line is my core conclusions from Friday remain intact:
    - After giving effect to known stock issuances, the current principal balance of the PIPE debt is insignificant; and
    - The underlying contracts create a dynamic where there is no further incentive for the PIPE investors to pound stock into the market without regard to price".
    ===========================================================

    I highlight this because there seems to be an approximate correlation between the PIPEer behavior predicted by John and changes in trend on certain parts of both my original and newer experimental inflection point calculation charts.

    On my original version's chart note the change in trend that began to appear around the 2/24/14 time-frame.

    On my newer version's charts, note there are early signs of a change in that same time-frame but, more importantly I think, is the change which appears to get underway around 3/17 for the 100 and 200-day period calculations. I've added some short-term lines and a large ellipsis to highlight this change and track the trend visually.

    Another change that seems unrelated to John's articles is a change in the 50-day period calculation on my newer version. This is highlighted on the chart in the small ellipsis and occurs around the end of the year.

    The net effect, for me, is a more optimistic outlook for pps behavior. But there's more to it than that ...

    John may disagree on this, but the return of daily short sales trends to what *I* believe to be normal behavior, rather than going to low single-digit percentages as he looks for, adds to my optimism. Look at the chart with daily volume and short sales, along with averages and trend lines, and note the change in trends which I briefly mentioned "might be occurring" off and on over some weeks. Note especially the change in the 10-day short percentage average that began around 2/24. Note also what's happened to the other averages since and to prices beginning around the same time.

    Similar changes in buy percentage can be seen, also beginning around 2/24.

    Only average trade sizes *seems* contrary to this trend. But it's not if one considers the "standard" present sizes of prices <= $0.10 (10K) and 5K for higher prices. And recently as we exceeded $0.20 the "standard" has gone to 2.5K quite often.

    There's only one other thing I want to touch on today at any length.

    I said yesterday "My last concern is that two consecutive days have had last-minute trades that were all buys and all substantially(?) higher than the trading range just prior to those trades. In each case they moved the closing price higher than it would otherwise have been. In dollar terms they were all small and reminiscent of behavior in the past that I felt were attempts to manipulate the market. In this case, today a close lower was converted to a close higher". That pattern continues with today's activity ...

    There were three "last minute" trades that raised our closing price from what would have been $0.1770. These were all buys at 15:57, 15:58 and 15:59, for 5K, 10K and 5K respectively at $0.1820, $0.1790 and $0.18.

    As I've mentioned regarding these sorts of trades, which have occurred every day beginning with 3/31, this has no effect on my metrics but it does affect what appears on traditional TA charts and plays into consideration because the closing price affects such as the Bollinger bands and other TA oscillators.

    Without them our close would be below the "artificial" (my opinion) close of 4/2, but above what would have been the "real" (my opinion) close of $0.1750.

    I believe this activity is designed to manipulate the market perception.

    The average of the lowest 20 VWAPs times 80% today is $0.0831 vs. $0.0819, $0.0816, $0.0812, $0.0807, $0.0800, $0.0792, $0.0784, $0.0777 and $0.0773 on prior days. 80% of today's VWAP is $0.1522 vs. $0.1399, $0.1332, $0.1338, $0.1337 vs. $0.1261, $0.1361, $0.1359, $0.1353 and $0.1363 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved 3.00%, 11.11%, 8.79%, 136.25% and 224.37% respectively. Price spread today was 14.22% vs. 5.88%, 19.76%, 14.20%, 14.23%, 10.67%, 6.71%, 9.20%, 11.11% and 6.06% on prior days.

    The larger trades (>= 15K) occurred on 45 of the 269 trades, 16.73%. These 1,303,599 shares were 49.43% of day's volume, and traded at a VWAP of $0.1909. 22 of these trades, 48.89%, were buys of 624,000 shares, 47.87% of the larger trades volume, and traded at a VWAP of $0.1933. 22 of the larger trades, 48.89%, were sells of 614,599 shares, 47.15% of the larger trades volume, and traded at a VWAP of $0.1884. One unknown trade of 65K, 4.99% of the larger trade volume, occurred at $0.1910.

    The other 224 trades, 83.27% of the day's trades, traded 1,333,743 shares, 50.57% of the days volume. The VWAP was $0.1896. 129 trades, 57.59%, were buys and accounted for 708,918 shares, 53.15% of the smaller trade volume, and traded at a VWAP of $0.1909. 90 trades, 40.18%, were sells and accounted for 611,625 shares, 45.86% of the smaller trade volume, and traded at a VWAP of $0.1881. 5 trades, 2.23% of the smaller trades, accounted for 13,200 shares, 0.99% of the smaller trades volume, and traded at $0.1879.

    Combined with yesterday's top right at my newly-drawn horizontal resistance of $0.18 and the close just below (even though "artificial" IMO), we now have a close of $0.18, right at that line. So it's "resistance seems well confirmed now.

    Full stochastic remains in overbought territory, albeit barely, while the RSI remains essentially flat, having moved over these last three days only from ~66.8 to ~67.1 and now 67.25.

    The Bollingers continue converging at a reducing rate and momentum has flattened (~1.098, ~1.073 and today's ~1.0714 - essentially at neutral). ADX related strengthened a wee bit. The rest of the oscillators are mixed with accum/distr. and Williams %R weaker, MFI continuing higher, and the MACD still well above neutral and flattening and the histogram at zero at flattening.

    I have mentioned that late-day strength seems the M.O. now, rather than late-day weakness. Yesterday we saw neither weakness nor strength later in the day and today we saw weakness. Too early to say if trend is changing or just displaying some indecision.

    My original experimental inflection point calculations continue in plain old volatile mode. Today has one-day changes with two of six periods marginally weakening and four improving while yesterday had all periods showing improvement. The change over five days went to five improved and one weaker period, with the rate of change over five days the same.

    The newer version one-day changes, has all periods showing improvement. The change over five days has all six periods improved for the second consecutive day. The average change over those days has all periods showing improvement, from five yesterday, giving three of the last for days having all periods improved.

    The newer version's chart pattern, which yesterday changed to suggesting an upward bias, has begun to form the pattern suggesting a rise is coming. One or two more days should get us out of the "pop"period. ATM I'm feeling optimistic.

    Here's a trading breakdown by arbitrary time-frames.
    09:30-09:53: 208400 shrs, 07.90% of vol, VWAP $0.1817, 060.7% buys
    09:54-10:03: 214700 shrs, 08.14% of vol, VWAP $0.1877, 044.6% buys
    10:07-10:28: 337650 shrs, 12.80% of vol, VWAP $0.1966, 070.1% buys
    10:30-10:46: 457100 shrs, 17.33% of vol, VWAP $0.1942, 035.2% buys
    11:03-11:33: 256800 shrs, 09.74% of vol, VWAP $0.1936, 052.8% buys
    11:36-12:03: 167438 shrs, 06.35% of vol, VWAP $0.1938, 059.4% buys
    12:08-12:57: 117940 shrs, 04.47% of vol, VWAP $0.1915, 028.8% buys
    13:00-13:58: 062600 shrs, 02.37% of vol, VWAP $0.1917, 055.3% buys
    14:02-14:28: 269350 shrs, 10.21% of vol, VWAP $0.1917, 072.3% buys
    14:31-15:07: 159000 shrs, 06.03% of vol, VWAP $0.1876, 046.5% buys
    15:08-15:19: 161264 shrs, 06.11% of vol, VWAP $0.1856, 017.5% buys
    15:20-15:30: 152200 shrs, 05.77% of vol, VWAP $0.1786, 059.1% buys
    15:36-15:51: 052900 shrs, 02.01% of vol, VWAP $0.1774, 003.8% buys
    15:55-15:59: 020000 shrs, 00.76% of vol, VWAP $0.1800, 100.0% buys

    Here's a breakdown by arbitrary price range.
    $0.1751-$0.1764: 005900 shrs, 00.22% of vol, VWAP $0.1753, 000.0% buys
    $0.1770-$0.1790: 143800 shrs, 05.45% of vol, VWAP $0.1777, 033.8% buys
    $0.1800-$0.1849: 390700 shrs, 14.81% of vol, VWAP $0.1817, 056.3% buys
    $0.1850-$0.1899: 342174 shrs, 12.97% of vol, VWAP $0.1862, 022.6% buys
    $0.1900-$0.1949: 993403 shrs, 37.67% of vol, VWAP $0.1916, 041.8% buys
    $0.1950-$0.1992: 582165 shrs, 22.07% of vol, VWAP $0.1961, 067.5% buys
    $0.2000-$0.2000: 179200 shrs, 06.79% of vol, VWAP $0.2000, 100.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/14 $0.1605 -00.09% 76.3%
    03/17 $0.1701 +06.02% 68.5%
    03/18 $0.1707 +00.33% 55.8%
    03/19 $0.1692 -00.86% 75.3%
    03/20 $0.1674 -01.08% 75.6%
    03/21 $0.1704 +01.78% 44.5%
    03/24 $0.1692 -00.71% 27.9%
    03/25 $0.1699 +00.42% 57.8%
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%
    04/03 %0.1902 +08.79% 50.5%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    03/31: 20 lowest intra-day VWAPs in 40 days avg, $0.1015, x 80%: $0.0812
    04/01: 20 lowest intra-day VWAPs in 40 days avg, $0.1021, x 80%: $0.0816
    04/02: 20 lowest intra-day VWAPs in 40 days avg, $0.1024, x 80%: $0.0819
    04/03: 20 lowest intra-day VWAPs in 40 days avg, $0.1038, x 80%: $0.0831

    Vol in K, for above days: 786.80 2,487.68 1,116.32 2,637.34.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are in the latest daily post above.

    04/02/2014: EOD stuff partially copied to the concentrator.
    # Trds: 133, MinTrSz: 1, MaxTrSz: 45000, Vol: 1116320, AvTrSz: 8393
    Min. Pr: 0.1700, Max Pr: 0.1800, VW Avg. Tr. Pr: 0.1748
    # Buys, Shares: 52 383358, VW Avg Buy Pr: 0.1773
    # Sells, Shares: 81 732962, VW Avg Sell Pr: 0.1736
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:1.91 (34.34% "buys"), DlyShts 247942 (22.21%), Dly Sht % of 'sells' 33.83%

    There's a few things of concern for me today. The first is that in spite of what seems to be a mostly positive take on the quarterly and year end conference call, we still couldn't break $0.18. Then consider that our volume was lower sooner than I would expect if we were getting a "pop" - one day after reporting. The buy percentage dropped from yesterday's 54.8%. The larger trades, 34.82% of day's volume, were decidedly in a profit-taking mode: 83.33% of those trades and 83.45% of the larger trades volume, were sells.

    Offering some counter-balance is that the smaller trades were much more balanced - see below.

    My last concern is that two consecutive days have had last-minute trades that were all buys and all substantially(?) higher than the trading range just prior to those trades. In each case they moved the closing price higher than it would otherwise have been. In dollar terms they were all small and reminiscent of behavior in the past that I felt were attempts to manipulate the market. In this case, today a close lower was converted to a close higher.

    There were 5 pre-market trades for 30K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 1,086,320 to 1,116,320 and would lower the short percentage from 22.82% to 22.21%. If the shares are also added to the short sales, the short volume moves from 247,942 to 277,942 and the short percentage would be 24.90%.

    The average of the lowest 20 VWAPs times 80% today is $0.0819 vs. $0.0816 (corrected here and in yesterday's erroneous $0.1325 post), $0.0812, $0.0807, $0.0800, $0.0792, $0.0784, $0.0777, $0.0773 and $0.0769 on prior days. 80% of today's VWAP is $0.1399 vs. $0.1332, $0.1338, $0.1337 vs. $0.1261, $0.1361, $0.1359, $0.1353, $0.1363 and $0.1339 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved 13.11%, 0.00%, 5.04%, -55.13% and -75.31% respectively. Price spread today was 5.88% vs. 19.76%, 14.20%, 14.23%, 10.67%, 6.71%, 9.20%, 11.11%, 6.06% and 4.87% on prior days.

    There were two "last minute" trades that raised our closing price from what would have been $0.175x, where x is in the range of 0 to 2, to $0.1797. These were at 15:57 for 5K and 10K respectively. I'm sure if the asks had been $0.19 those trades would have been at that price as both were buys. In fact, the last four were buys. Although this has no effect on my metrics, it does affect what appears on traditional TA charts and plays into consideration because the closing price affects such as the Bollinger bands and other TA oscillators.

    Without them our close would be below the close of 4/1, which were also established by two "last minute" trades of $0.1789 "buys" when the prior price was a sell at $0.1720 for 33K. Just wanted to highlight this activity.

    For the first hour of trading market-makers NITE and WABR were most frequently at the front of the offers. However they didn't move the offers down much. ARCA, in from the start, did that when they finally moved from the initial $0.23, seen at 9:32, to $0.175 at ~10:37. My prior peek at 10:11 had a $0.178 offer and, based on the lineup behind ARCA at 10:37, appears to have still been $0.178 when ARCA made that move.

    ARCA was out from 10:39 until 13:48. During that period ATDF and WABR provided most of the pressure on the offers, with NITE chipping in late in the lunch hour. During this time the offers dropped as low as $0.1729 and got as high as $0.18 ... At which time ARCA returned with a $0.178 offer. I didn't note them on the offer for the rest of the day.

    The larger trades (>= 15K) occurred on 18 of the 133 trades, 13.53%. These 388,733 shares were 34.82% of day's volume, and traded at a VWAP of $0.1739. 3 of these trades, 16.67%, were buys of 64,325 shares, 16.55% of the larger trades volume, and traded at a VWAP of $0.1771. 15 of the larger trades, 83.33%, were sells of 324,408 shares, 83.45% of the larger trades volume, and traded at a VWAP of $0.1733.

    The other 115 trades, 86.47% of the day's trades, traded 727,587 shares, 65.18% of the days volume. The VWAP was $0.1664. 49 trades, 42.61%, were buys and accounted for 319,033 shares, 43.85% of the smaller trade volume, and traded at a VWAP of $0.1773. 66 trades, 57.39%, were sells and accounted for 408,554 shares, 56.15% of the smaller trade volume, and traded at a VWAP of $0.1738.

    Today topped right at my newly-drawn horizontal resistance of $0.18. We now have an origin and three exact touches. There's two more that just missed by 1/10th of a penny or less. With volume reduced by ~55% but a much higher low, +13%, it's hard to guess if this will hold very much longer. If we included the highs that just missed touching, we've had five tests in twelve days of the resistance. Movement beyond has been rejected each time. From this we know both that it's strong resistance and that there's an upward bias with some staying power.

    I wouldn't want to guess, based on this and the traditional oscillators, which way it was going to go next.

    This being the day after the quarterly and EOY '13 report and conference call, when we saw generally positive takes in the concentrator, I'm not surprised by the push to resistance again. However I am surprised by the fall in volume appearing so quickly. Maybe it's because folks wanted to take a day and think about it before jumping either way.

    I'm still in my "wait a few days and see what sentiment starts to look like" mode. With $0.18 appearing so strongly resistant at the same time that price action over the last two weeks has pushed up to it so frequently, and now the generally positive take on the reporting being unable (yet!) to cause a push past $0.18, I'm inclined to remain inert a while longer.

    Yesterday, speaking of the TA oscillators, I erroneously said "... It's odd, with price being constrained thus far, to see the RSI and full stochastic heading towards oversold, but that's what they're doing". That should have said "overbought", not "oversold". I've corrected it in the 4/1 posting.

    Today the full stochastic is into to overbought while the RSI went essentially flat, moving only from ~66.8 to ~67.1

    The Bollingers continue converging at a reducing rate and momentum weakened a bit from ~1.098 to ~1.073 - essential at neutral. ADX related also weakened. The rest of the oscillators continue to crawl slowly higher, including MFI, Williams %R, and accumulation/distribution.

    The MACD is still well above neutral and the histogram has been going from below neutral upward for the fourth consecutive day. However the rate of rise on the histogram has begun to slow, consistent with the strong resistance seen so far at $0.18.

    I mentioned that late-day strength seems the M.O. Now, rather than late-day weakness. Today we saw neither weakness nor strength later in the day.

    My original experimental inflection point calculations continue in plain old volatile mode. Today has one-day changes with five of six periods marginally weakening while yesterday had all periods showing improvement. The change over five days went to two improved and four weaker periods versus yesterday's four improved periods with two weaker. The rate of change over five days is split three weaker and three stronger.

    The newer version one-day changes, which had all periods again showing improvement, although to small degrees, now has only five in that state. The change over five days, which had five weakening, mostly by small degrees, now has all six periods improved and the average change over those days has five periods improved after having had all periods showing improvement for two days.

    The newer version's chart pattern, which was suggesting what in the past has been a sideways, mostly, behavior, is now suggesting an upward bias. I'm still waiting to see what develops after the normal "pop" fades into the past, likely in another day or two.

    Here's a trading breakdown by arbitrary time-frames.
    09:24-09:28: 030000 shrs, 02.69% of vol, VWAP $0.1709, 000.0% buys
    09:30-09:46: 073009 shrs, 06.54% of vol, VWAP $0.1739, 058.7% buys
    09:49-10:27: 097999 shrs, 08.78% of vol, VWAP $0.1747, 019.1% buys
    10:30-10:47: 097209 shrs, 08.71% of vol, VWAP $0.1735, 031.0% buys
    10:48-11:47: 079043 shrs, 07.08% of vol, VWAP $0.1701, 003.5% buys
    11:54-12:47: 067500 shrs, 06.05% of vol, VWAP $0.1729, 048.1% buys
    12:48-13:44: 114374 shrs, 10.25% of vol, VWAP $0.1757, 060.2% buys
    13:48-14:01: 065001 shrs, 05.82% of vol, VWAP $0.1779, 092.3% buys
    14:02-14:32: 095000 shrs, 08.51% of vol, VWAP $0.1747, 000.0% buys
    14:41-15:02: 031600 shrs, 02.83% of vol, VWAP $0.1787, 093.4% buys
    15:04-15:27: 137285 shrs, 12.30% of vol, VWAP $0.1758, 010.9% buys
    15:32-15:34: 058000 shrs, 05.20% of vol, VWAP $0.1795, 100.0% buys
    15:39-15:52: 155300 shrs, 13.91% of vol, VWAP $0.1745, 006.4% buys
    15:57-15:57: 015000 shrs, 01.34% of vol, VWAP $0.1797, 100.0% buys

    Here's a breakdown by arbitrary price range.
    $0.1700-$0.1703: 178876 shrs, 16.02% of vol, VWAP $0.1701, 000.0% buys
    $0.1710-$0.1749: 150755 shrs, 13.50% of vol, VWAP $0.1727, 030.4% buys
    $0.1750-$0.1753: 480886 shrs, 43.08% of vol, VWAP $0.1751, 010.1% buys
    $0.1760-$0.1780: 178999 shrs, 16.03% of vol, VWAP $0.1772, 090.5% buys
    $0.1790-$0.1800: 126804 shrs, 11.36% of vol, VWAP $0.1798, 100.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/13 $0.1606 +02.82% 67.5%
    03/14 $0.1605 -00.09% 76.3%
    03/17 $0.1701 +06.02% 68.5%
    03/18 $0.1707 +00.33% 55.8%
    03/19 $0.1692 -00.86% 75.3%
    03/20 $0.1674 -01.08% 75.6%
    03/21 $0.1704 +01.78% 44.5%
    03/24 $0.1692 -00.71% 27.9%
    03/25 $0.1699 +00.42% 57.8%
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%
    04/02 $0.1748 +05.04% 34.3%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    03/31: 20 lowest intra-day VWAPs in 40 days avg, $0.1015, x 80%: $0.0812
    04/01: 20 lowest intra-day VWAPs in 40 days avg, $0.1021, x 80%: $0.0816
    04/02: 20 lowest intra-day VWAPs in 40 days avg, $0.1024, x 80%: $0.0819

    Vol in K, for above days: 786.80 2,487.68 1116.32.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are in the latest daily post above.

    04/01/2014: EOD stuff partially copied to the concentrator.
    # Trds: 235, MinTrSz: 23, MaxTrSz: 80000, Vol: 2487682, AvTrSz: 10586
    Min. Pr: 0.1503, Max Pr: 0.1800, VW Avg. Tr. Pr: 0.1664
    # Buys, Shares: 140 1362288, VW Avg Buy Pr: 0.1673
    # Sells, Shares: 95 1125394, VW Avg Sell Pr: 0.1654
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1.21:1 (54.76% "buys"), DlyShts 1004392 (40.37%), Dly Sht % of 'sells' 89.25%

    The average of the lowest 20 VWAPs times 80% today is $0.0816 vs. $0.0812, $0.0807, $0.0800, $0.0792, $0.0784, $0.0777, $0.0773, $0.0769 and $0.0767 on prior days. 80% of today's VWAP is $0.1332 vs. $0.1338, $0.1337 vs. $0.1261, $0.1361, $0.1359, $0.1353, $0.1363, $0.1339 and $0.1354 on prior days. These are potential prices for the next tranche of shares to the PIPErs.

    Today's low, high, VWAP, trade volume, and daily short sales moved -4.27%, 0.39%, -0.48%, 216.18% and 289.09% respectively. Price spread today was 19.76% vs. 14.20%, 14.23%, 10.67%, 6.71%, 9.20%, 11.11%, 6.06%, 4.87% and 12.84% on prior days.

    There were 2 exceptional trades: one "seq" trade reported of 42.5K at $0.1510 and a single 2.4K share trade of $0.1503. On the first the time stamp is meaningless as it tells us the time that a late-reported (>= 10 secs after the trade was actually made) trade was reported, not when it was executed. I've no idea when it actually was traded. I mention these two trades because they were the only trades below $0.1521 today, affecting a couple of our metrics. If they are excluded the low would have moved -3.12% instead of the -4.27% we got and the spread would be 18.34%, still quite large, instead of the 19.76% we saw.

    The larger trades (>= 15K) occurred on 53 of the 235 trades, 22.55%. These 1,586,771 shares were 63.79% of day's volume, and traded at a VWAP of $0.1665. 23 of these trades, 43.40%, were buys of 802,744 shares, 50.59% of the larger trades volume, and traded at a VWAP of $0.1678. 30 of the larger trades, 56.60%, were sells of 784,027 shares, 49.41% of the larger trades volume, and traded at a VWAP of $0.1651.

    The other 182 trades, 77.45% of the day's trades, traded 900,911 shares, 36.21% of the days volume. The VWAP was $0.1664. 117 trades, 64.29%, were buys and accounted for 559,544 shares, 62.11% of the smaller trade volume, and traded at a VWAP of $0.1668. 65 trades, 35.71%, were sells and accounted for 341,367 shares, 37.89% of the smaller trade volume, and traded at a VWAP of $0.1658.

    Yesterday I noted the top was right in the range of recent prior highs, causing me to adjust my resistance to $0.18, yielding a horizontal resistance. I said if this is correct, we will be consolidating in a sideways trading channel. Well, today topped right at $0.18 and withdrew. This now provides an origin and two exact touches. There's two more that just missed by 1/10th of a penny or less. I think this makes this a pretty solid indication of resistance.

    This was even with an apparent generally positive, or at least much less negative, initial take on the quarterly report and conference call by the denizens of the concentrator.

    I mentioned yesterday the volume was a bit higher but the price action was essentially the same, so I still couldn't see "strength". Volume took a big jump and VWAP weakened and the high hit the resistance around 14:15 and fell back. Still no sign of strength in upward pressure. But trying to judge anything on the day of the report is risky. As I mentioned to someone in the concentrator, I like to wait a few days and see what sentiment starts to look like then.

    The oscillators are beginning to show some movement. All but the ADX related had a small up tick. It's odd, with price being constrained thus far, to see the RSI and full stochastic heading towards overbought, but that's what they're doing.

    The Bollingers are close to finishing the initial adjusting (converging) and should begin to reduce their parabolic movements now. They should continue to converge, but at a reducing rate soon.

    The MACD, which I've not checked in the last few days, is well above neutral too and the histogram has been going from below neutral upward for the third consecutive day.

    I mentioned that our traditional late-day weakness seems to be no longer the normal behavior and late-day strength seems the M.O. now. Check the trading breakdown by time - it reinforces that perception today.

    I mentioned my original experimental inflection point calculations are back in plain old volatile mode. Today has one-day changes with all periods showing improvement versus yesterday's four periods marginally improved while the 10 and 200-day periods weakened. The change over five days went from yesterday's periods split three and three to four improved with two weaker and the rate of change is the same.

    The newer version one-day changes, which had switched from all periods showing a bit of strengthening to having five in that state yesterday, has all periods again showing improvement, although to small degrees. The change over five days, which had all periods strengthening, now has five weakening, although mostly by small degrees. The good news is that the average change over those days has all periods showing improvement for the second consecutive day.

    The newer version's chart pattern continues to suggest what in the past has been a sideways, mostly, behavior. With the quarterly report and conference call just completed, we'll need to see what develops after the normal "pop" fades into the past.

    Here's a trading breakdown by arbitrary time-frames.
    09:30-09:30: 047250 shrs, 01.90% of vol, VWAP $0.1522, 010.1% buys
    09:31-09:44: 291000 shrs, 11.70% of vol, VWAP $0.1600, 038.1% buys
    09:46-10:00: 086813 shrs, 03.49% of vol, VWAP $0.1600, 038.4% buys
    10:01-10:14: 087087 shrs, 03.50% of vol, VWAP $0.1595, 068.9% buys
    10:16-10:29: 179994 shrs, 07.24% of vol, VWAP $0.1563, 062.6% buys
    10:30-10:46: 133800 shrs, 05.38% of vol, VWAP $0.1595, 035.4% buys
    10:34-11:04: 302063 shrs, 12.14% of vol, VWAP $0.1626, 058.1% buys
    11:06-11:21: 407030 shrs, 16.36% of vol, VWAP $0.1673, 070.4% buys
    11:22-11:39: 084084 shrs, 03.38% of vol, VWAP $0.1641, 040.5% buys
    11:42-11:58: 072725 shrs, 02.92% of vol, VWAP $0.1714, 071.1% buys
    12:02-12:05: 139515 shrs, 05.61% of vol, VWAP $0.1776, 078.8% buys
    12:02-12:31: 182915 shrs, 07.35% of vol, VWAP $0.1750, 063.1% buys
    12:34-14:05: 238698 shrs, 09.60% of vol, VWAP $0.1709, 059.9% buys
    14:06-14:16: 055899 shrs, 02.25% of vol, VWAP $0.1760, 097.3% buys
    14:17-14:28: 052000 shrs, 02.09% of vol, VWAP $0.1793, 100.0% buys
    14:31-14:58: 030858 shrs, 01.24% of vol, VWAP $0.1730, 000.2% buys
    15:00-15:26: 104755 shrs, 04.21% of vol, VWAP $0.1760, 014.6% buys
    15:31-15:47: 105711 shrs, 04.25% of vol, VWAP $0.1743, 023.6% buys
    15:50-15:59: 092500 shrs, 03.72% of vol, VWAP $0.1757, 044.3% buys

    Here's a breakdown by arbitrary price range.
    $0.1503-$0.1530: 084900 shrs, 03.41% of vol, VWAP $0.1517, 029.4% buys
    $0.1550-$0.1599: 291407 shrs, 11.71% of vol, VWAP $0.1580, 060.2% buys
    $0.1600-$0.1641: 688721 shrs, 27.69% of vol, VWAP $0.1611, 039.5% buys
    $0.1650-$0.1699: 436160 shrs, 17.53% of vol, VWAP $0.1657, 090.1% buys
    $0.1700-$0.1740: 528731 shrs, 21.25% of vol, VWAP $0.1712, 037.2% buys
    $0.1750-$0.1795: 426564 shrs, 17.15% of vol, VWAP $0.1777, 063.1% buys
    $0.1800-$0.1800: 031199 shrs, 01.25% of vol, VWAP $0.1800, 100.0% buys

    Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
    03/12 $0.1562 -13.18% 27.3%
    03/13 $0.1606 +02.82% 67.5%
    03/14 $0.1605 -00.09% 76.3%
    03/17 $0.1701 +06.02% 68.5%
    03/18 $0.1707 +00.33% 55.8%
    03/19 $0.1692 -00.86% 75.3%
    03/20 $0.1674 -01.08% 75.6%
    03/21 $0.1704 +01.78% 44.5%
    03/24 $0.1692 -00.71% 27.9%
    03/25 $0.1699 +00.42% 57.8%
    03/26 $0.1702 +00.16% 30.5%
    03/27 $0.1576 -07.40% 29.3%
    03/28 $0.1672 +06.09% 54.2%
    03/31 $0.1673 +00.05% 38.7%
    04/01 $0.1664 -00.48% 54.8%

    This week's daily estimated values (older dailys in prior EOD posts in prior blog) for next share issue:
    03/31: 20 lowest intra-day VWAPs in 40 days avg, $0.1015, x 80%: $0.0812
    04/01: 20 lowest intra-day VWAPs in 40 days avg, $0.1021, x 80%: $0.0816

    Vol in K, for above days: 786.80 2,487.68.

    Week ending summaries of PIPE financing estimated 85% share pricing, "Dly Sht % of 'sells'", and inflection points here are in the latest daily post above.

    Disclosure: I am long AXPW.

    Additional disclosure: I am very experimental and sometimes do my TA in non-traditional fashions. Keep this in mind when considering anything I post and be sure and consult other sources and do your due diligence. I'm barely responsible for myself and certainly not responsible for anyone else or their actions. :-)

    Apr 04 9:08 AM | Link | 3 Comments
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