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AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 06/02/2014

|Includes:Axion Power International, Inc. (AXPW)

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 20140630Click to enlarge

Next are modified inflection point calculation charts bracketing a price chart for comparison.

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 20140630Click to enlarge

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.

Believing that the PIPE financing has run it's course, I'm not going to post stuff related that any more. The calculations will still be available if needed though.

06/30/2014: EOD stuff partially copied to the concentrator.
# Trds: 63, MinTrSz: 200, MaxTrSz: 126141, Vol: 675553, AvTrSz: 10723
Min. Pr: 0.1401, Max Pr: 0.1510, VW Avg. Tr. Pr: 0.1478
# Buys, Shares: 19 103653, VW Avg Buy Pr: 0.1466
# Sells, Shares: 42 568590, VW Avg Sell Pr: 0.1480
# Unkn, Shares: 2 3310, VW Avg Unk. Pr: 0.1431
Buy:Sell 1:5.49 (15.34% "buys"), DlyShts 79920 (11.83%), Dly Sht % of 'sells' 14.06%

Last week looked like a typical last week of the month - flat instead of falling.

This week started with "not so much". The $0.15 support, which held up much longer than I expected, finally gave way with "high" volume, a lower low, high, VWAP and buy percentage. The Last of the CDEL bid was taken out with a 126,141 share "sell" - 18.67% of the day's volume. It had significant effect on the day's larger trade calculations.

I've recently mentioned in a comment that $0.14 doesn't look like it will offer any serious support and the most likely next support is $0.13xx (~$0.135?). But even that one is not "strong", just should be stronger support than $0.14. We could get a surprise at $0.13xx though -the 200-day SMA is currently $0.1306 and slowly rising.

Ignoring that, it looks like the real first strong support should be around $0.125 if we get there.

We had a few "outliers" today. The low was set with a single 25K $0.1401 sell at 12:10. The next higher price, $0.1402 had three trades totaling 30K shares, two at 12:44 and one at 13:30. The high was set with two sells, one 200 shares at the open for $0.1510 and another of 10K at 9:33 for $0.1510. No volume appears until price of $0.15 dominates. Trades at $0.1501 through $0.1505 had only six trades totaling 12,600 shares.

Today the $0.15 bid from CDEL was down to 210.6K right at the open. I had mentioned that it looked like the sellers were still around and the $0.15 was taken out by 10:18, just forty-eight minutes into the session.

The larger trades (>= 15K) occurred on 10 of the 63 trades, 15.87%. These 337,029 shares were 49.89% of day's volume, and traded at a VWAP of $0.1485. 1 of the larger trades, 10.00%, was a buy of 18,888 shares, 5.60% of the larger trades volume, and traded at a VWAP of $0.1440. 9 of the larger trades, 90.00%, were sells of 318,141 shares, 94.40% of the larger trades volume, and traded at a VWAP of $0.1488.

The other 53 trades, 84.13% of the day's trades, traded 338,524 shares, 50.11% of the days volume. The VWAP was $0.1471. 18 trades, 33.96%, were buys and accounted for 84,765 shares, 25.04% of the smaller trade volume, and traded at a VWAP of $0.1472. 33 trades, 62.26%, were sells and accounted for 250,449 shares, 73.98% of the smaller trade volume, and traded at a VWAP of $0.1471. 2 trades, 3.77%, were unknown and accounted for 3,310 shares, 0.98% of the smaller trade volume, and traded at a VWAP of $0.1431.

The improved the buy percentage yesterday went up in a wisp of smoke with the higher volume that finally pushed us below $0.15 with an ending VWAP of $0.1478 and a close of $0.1403. I still don't have any indication that the sellers are gone, so I can't offer much hope for price improvement for now.

Recent VWAPs oldest through today: $0.1539, $0.1530, $0.1506, $0.1504, $0.1513, $0.1515, $0.1506 ($0.1502 if those "outliers" are excluded) and $0.1478. 5, 10 and 25-day VWAP averages, are all still descending. Today they are 0.1503, 0.1514 and 0.1572 respectively.

Price closed below the longer-term rising support for the third consecutive day. It is no longer a potential support point.

Yesterday I said "So far the typical "stop falling and go flat last week of the month and first week of next month" seems to be playing out. This is one reason I'm not expecting any movement in price in spite of the traditional TA stuff suggesting we should start falling".

FAIL! The traditional TA stuff had it right. Today all the oscillators I watch are going negative and MFI, Williams %R and full stochastic are oversold now. This normally argues for a bounce, maybe of the "dead cat" variety in our case, but it often takes a while for the bounce to develop. Things can remain in oversold for a while.

After trading completely below the mid-point of the Bollinger range yesterday, we are now "pushing" the lower limit down. Current range is $0.1438 - $0.1640. This argues for an eventual move to the mid-range, but we had this before and, as then, we need to be cognizant that the mid-point range of the Bollingers could come to price rather than price to mid-range.

Today's low, high, VWAP, trade volume, and daily short sales moved -6.60% -0.98%, -1.84%, 582.73% and infinity (yesterday was zero shorts) respectively. Price spread today was 7.78% vs. 1.67%, 6.60%, 6.67%, 1.93%, 2.80%, 2.32%, 1.64%, 1.91% and 4.26% on prior days.

If we exclude the "outliers" mentioned above the day's high becomes $0.1500 and movements of the high becomes -1.64%. The day's spread becomes 7.07%.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:33: 012900 shrs, 01.91% of vol, VWAP $0.1508, 079.1% buys
09:42-10:28: 364416 shrs, 53.94% of vol, VWAP $0.1500, 000.9% buys
10:29-12:09: 114733 shrs, 16.98% of vol, VWAP $0.1500, 030.3% buys
12:10-12:32: 050416 shrs, 07.46% of vol, VWAP $0.1425, 020.7% buys
12:40-14:20: 078000 shrs, 11.55% of vol, VWAP $0.1407, 019.2% buys
15:10-15:35: 038888 shrs, 05.76% of vol, VWAP $0.1437, 074.3% buys
15:50-15:57: 016200 shrs, 02.40% of vol, VWAP $0.1405, 006.2% buys

Here's a trading breakdown by arbitrary price range, although it's utility may be marginal with the low volume.
$0.1401-$0.1403: 100200 shrs, 14.83% of vol, VWAP $0.1402, 000.0% buys
$0.1420-$0.1439: 039000 shrs, 05.77% of vol, VWAP $0.1428, 066.7% buys
$0.1440-$0.1451: 044304 shrs, 06.56% of vol, VWAP $0.1445, 066.1% buys
$0.1498-$0.1499: 032333 shrs, 04.79% of vol, VWAP $0.1499, 100.0% buys
$0.1500-$0.1510: 459716 shrs, 68.05% of vol, VWAP $0.1500, 003.5% 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.
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%
06/18 $0.1535 +01.18% 54.3%
06/19 $0.1539 +00.25% 66.4%
06/20 $0.1530 -00.59% 20.8%
06/23 $0.1506 -01.56% 02.8%
06/24 $0.1504 -00.13% 13.3%
06/25 $0.1513 +00.62% 19.5%
06/26 $0.1515 +00.11% 28.8%
06/27 $0.1506 -00.63% 29.0%
06/30 $0.1478 -01.84% 15.3%

Regarding my newer inflection point calculations, it looks like no more typical low-volume noise going on. Yesterday, with the slightly weaker readings I said "I'm beginning to think a trend will shortly appear". With volume at 675.55K and our readings going from two improved and four weaker, a decline in strength from the prior day, we now see all 6 periods weaker. I do think this is the trend now, but I expect tomorrow will have lower volume and we could see noise again.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77
-316.72 -333.60 -1213.34 -5732.46 -17038.80 -53507.42
-034.40 -038.82 -0141.96 -0753.12 -02087.62 -06380.34
-048.26 -054.14 -0187.48 -0700.28 -02083.74 -06492.57
-065.39 -114.95 -0173.16 -0757.12 -02266.15 -06822.91
-078.66 -148.10 -0223.43 -0692.98 -02191.02 -06716.74
-091.97 -140.87 -0228.39 -0667.19 -02113.59 -06461.46
-104.97 -139.46 -0223.90 -0589.67 -02102.07 -06296.39
-098.54 -146.79 -0210.95 -0611.03 -02107.24 -06343.32
-143.86 -210.39 -0330.08 -0757.17 -02422.62 -06919.24

"Dly Sht % of 'sells'" and inflection point changes here are omitted from the concentrator.

On my ORIGINAL inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
---- 1-day change ----
06/19 +28.8% +22.6% +26.3% +14.5% +04.0% +00.7%
06/20 -38.5% -36.3% -28.2% +07.4% +04.6% +00.0%
06/23 -33.0% -106.6% +11.4% -02.2% +00.1% +00.0%
06/24 -22.3% -30.8% -34.0% +05.8% +03.1% +00.3%
06/25 -18.8% +03.3% -06.3% -00.6% -02.4% +00.5%
06/26 -14.8% +00.2% +00.2% +10.0% -02.8% +00.8%
06/27 +06.4% -04.6% +06.6% -02.0% +02.3% +00.6%
06/30 -43.4% -40.0% -49.7% -14.3% -01.7% -00.5%
---- 5-day change ----
06/19 +035.8% +017.1% -011.2% +601.2% +075.7% +051.4%
06/20 -041.6% -150.4% -020.8% +001.4% +046.5% -040.1%
06/23 +062.1% -088.7% -003.8% +009.2% -008.0% +012.9%
06/24 +037.6% +004.7% -099.3% +065.6% -007.6% +044.3%
06/25 -345.4% -001.9% -6888.2% -020.5% -028.6% +004.4%
06/26 -062.9% -012.5% -134.7% -029.4% -070.7% +005.6%
06/27 +028.0% +007.7% +063.2% -047.1% -083.5% +034.6%
06/30 -053.0% -001.5% -395.0% -095.4% -376.7% -023.1%
---- 5-day rate of change ----
06/19 +010.7% +014.0% -262.4% +080.4% +171.9% +020.2%
06/20 +078.0% -161.5% +257.0% +072.1% +746.0% -041.2%
06/23 +276.9% -032.4% -109.6% +1507.4% +001.5% +062.4%
06/24 +012.4% +000.6% -3192.8% +077.2% -018.0% +198.9%
06/25 -097.1% -034.6% -057.1% -028.6% -056.9% -039.9%
06/26 -2257.2% -014.7% -023.4% -098.3% -330.3% -078.6%
06/27 +076.7% +077.7% +039.9% -1722.7% -092.3% +1004.3%
06/30 -541.3% +095.0% -106.5% -130.4% -003.2% -048.4%

On my NEWER inflection point calculations, for those same periods:
---- 1-day change ----
06/19 +029.54% +024.71% +029.49% +017.55% +005.58% +002.42%
06/20 -040.29% -039.45% -032.07% +007.02% +000.19% -001.76%
06/23 -035.49% -112.33% +007.64% -008.12% -008.75% -005.09%
06/24 -020.29% -028.83% -029.03% +008.47% +003.32% +001.56%
06/25 -016.92% +004.88% -002.22% +003.72% +003.53% +003.80%
06/26 -014.14% +001.00% +001.96% +011.62% +000.54% +002.55%
06/27 +006.13% -005.25% +005.79% -003.62% -000.25% -000.75%
06/30 -046.00% -043.33% -056.48% -023.92% -014.97% -009.08%
---- 5-day change ----
06/19 +034.40% +011.84% -008.72% +208.10% +000.14% -020.09%
06/20 -051.10% -145.41% -039.89% -030.50% -050.36% -117.70%
06/23 +062.38% -086.79% +016.60% +022.47% -008.66% +036.75%
06/24 +047.63% +009.10% -072.77% +086.17% +102.68% +783.04%
06/25 -410.35% -004.52% -222.23% -029.70% -065.68% -074.02%
06/26 -063.56% -012.69% -202.95% -033.61% -114.85% +008.40%
06/27 +028.76% +007.94% +071.36% -045.40% -062.56% +077.80%
06/30 -056.10% -003.01% -568.58% -100.05% -566.02% -164.54%
---- 5-day rate of change ----
06/19 +012.71% +028.03% +066.87% +082.61% +086.90% +076.45%
06/20 +076.41% -169.84% -001.73% -134.47% -401.18% -295.87%
06/23 +256.29% -014.42% +176.52% +215.97% +144.89% +101.84%
06/24 +007.10% -005.04% -466.17% +029.49% -090.78% -563.20%
06/25 -099.79% -033.65% -077.40% -044.27% -1299.57% -299.93%
06/26 -30704.79% -012.24% -028.44% -132.99% -053.22% +025.47%
06/27 +082.53% +079.98% +052.92% -011.78% +045.31% +171.37%
06/30 -746.10% +096.59% -155.66% -192.42% -067.77% -124.15%

Rolling 5-day ORIGINAL inflection point calculation aggregate change:
******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
06/19 5 Day -0192.50 +0635.57 +0670.76 +0915.51 +1754.28 +0829.17
06/20 5 Day -0272.50 -0320.25 +0531.24 +0928.55 +2570.80 +0496.98
06/23 5 Day -0103.34 -0604.27 +0511.22 +1014.32 +2365.41 +0561.28
06/24 5 Day -0064.46 -0575.88 +0003.46 +1679.40 +2185.83 +0810.03
06/25 5 Day -0287.09 -0586.94 -0234.67 +1335.09 +1561.59 +0845.69
06/26 5 Day -0467.81 -0660.31 -0550.78 +0942.03 +0456.84 +0892.99
06/27 5 Day -0336.74 -0609.24 -0202.94 +0498.28 +0075.46 +1201.74
06/30 5 Day -0515.28 -0618.62 -1004.50 +0023.15 -0208.84 +0924.58

Average change/day, 5 days
____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
06/19 -204.12 +207.12 -025.43 -061.05 +037.14 -189.18
06/20 -044.95 -127.47 +039.92 -017.04 +314.23 -267.09
06/23 +079.52 -168.83 -003.83 +239.80 +319.01 -100.30
06/24 +089.39 -167.83 -126.07 +424.91 +261.52 +099.16
06/25 +002.55 -225.94 -198.03 +303.55 +112.66 +059.60
06/26 -055.06 -259.18 -244.31 +005.30 -259.49 +012.76
06/27 -012.85 -057.80 -146.84 -086.06 -499.07 +140.95
06/30 -082.39 -002.87 -303.14 -198.23 -514.85 +072.66

Rolling 5-day NEWER inflection point calculation aggregate change:
******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
06/19 5 Day -0028.39 +0110.83 +0115.95 +0221.01 +0308.51 +0389.74
06/20 5 Day -0042.91 -0050.32 +0069.70 +0153.59 +0153.15 -0068.98
06/23 5 Day -0016.14 -0094.00 +0081.27 +0188.11 +0139.89 -0043.63
06/24 5 Day -0008.45 -0085.44 +0022.13 +0350.21 +0283.53 +0298.03
06/25 5 Day -0043.15 -0089.31 -0027.05 +0246.20 +0097.30 +0077.44
06/26 5 Day -0070.57 -0100.64 -0081.94 +0163.45 -0014.45 +0083.94
06/27 5 Day -0050.27 -0092.65 -0023.47 +0089.25 -0023.49 +0149.25
06/30 5 Day -0078.47 -0095.44 -0156.93 -0000.05 -0156.47 -0096.33

Average change/day, 5 days
____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
06/19 -0033.95 +0033.59 -0006.09 -0017.78 -0016.94 -0060.85
06/20 -0008.01 -0023.46 -0006.20 -0041.70 -0084.88 -0240.89
06/23 +0012.52 -0026.84 +0004.74 +0048.36 +0038.10 +0004.43
06/24 +0013.41 -0028.19 -0017.37 +0062.61 +0003.51 -0020.52
06/25 +0000.03 -0037.68 -0030.81 +0034.89 -0042.16 -0082.06
06/26 -0008.43 -0042.29 -0039.58 -0011.51 -0064.59 -0061.16
06/27 -0001.47 -0008.47 -0018.63 -0012.87 -0035.33 +0043.65
06/30 -0012.47 -0000.29 -0047.64 -0037.63 -0059.27 -0010.54

Dly Sht % of 'sells' values JIC it turns out to be useful...
============ 2014 ===============
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% 91.81% 104.74% (short week)
Mon. 04/21 26.55% 153.62% 67.25% 18.15% 13.76%
Mon. 04/28 19.56% 75.57% 10.59% 53.35% 146.92%
Mon. 05/05 06.75% 17.36% 25.05% 91.05% 26.31%
Mon. 05/12 8.83% 5.83% 55.91% 129.18% 43.96%
Mon. 05/19 114.88% 62.66% 16.13% 113.62% 202.40%
Tue. 05/27 558.01% 82.58% 62.65% 5.48%
Mon. 06/02 92.28% 106.34% 21.82% 68.00% 78.39%
Mon. 06/09 394.94% 36.50% 20.32% 3.25% 59.37%
Mon. 06/16 3.08% 20.04% 115.38% 123.91% 41.58%
Mon. 06/23 1.32% 14.66% 42.12% 4.77% 0.00%
Mon. 06/30 14.06%

============ 2013 ===============
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: 51.85%, min: 10.59%, max: 153.62%
May Avg: 87.09%, min: 05.48%, max: 558.01%
Jun Avg: 60.10%, min: 00.00%, max: 394.94%

0630 Vol 0675553, Sht 0079920 11.83% LHC 0.1401 0.1510 0.1403 b:s 1:5.49
0627 Vol 0098949, Sht 0000000 00.00% LHC 0.1500 0.1525 0.1510 b:s 1:2.45
0626 Vol 0075823, Sht 0002363 03.12% LHC 0.1501 0.1600 0.1501 b:s 1:2.27
0625 Vol 0161508, Sht 0050536 31.29% LHC 0.1500 0.1600 0.1539 b:s 1:3.80
0624 Vol 0426360, Sht 0053499 12.55% LHC 0.1500 0.1529 0.1501 b:s 1:6.43
0623 Vol 0195270, Sht 0002500 01.28% LHC 0.1502 0.1544 0.1520 b:s 1:34.32
0620 Vol 0147060, Sht 0048400 32.93% LHC 0.1510 0.1545 0.1520 b:s 1:3.80
0619 Vol 0188752, Sht 0078694 41.69% LHC 0.1520 0.1545 0.1545 b:s 1.97:1
0618 Vol 0085290, Sht 0045000 52.76% LHC 0.1520 0.1549 0.1544 b:s 1.19:1
0617 Vol 0376829, Sht 0059356 15.75% LHC 0.1501 0.1565 0.1550 b:s 1:3.67
0616 Vol 0087890, Sht 0002589 02.95% LHC 0.1501 0.1569 0.1550 b:s 1:21.70
0613 Vol 0026407, Sht 0007500 28.40% LHC 0.1540 0.1570 0.1541 b:s 1.09:1
0612 Vol 0047330, Sht 0001250 02.64% LHC 0.1515 0.1600 0.1540 b:s 1:4.33
0611 Vol 0166574, Sht 0029073 17.45% LHC 0.1510 0.1599 0.1515 b:s 1:6.09
0610 Vol 0172006, Sht 0046706 27.15% LHC 0.1500 0.1649 0.1501 b:s 1:2.90
0609 Vol 0298773, Sht 0210580 70.48% LHC 0.1531 0.1649 0.1600 b:s 4.60:1
0606 Vol 0315525, Sht 0121500 38.51% LHC 0.1501 0.1625 0.1550 b:s 1.05:1[139]
0605 Vol 0234725, Sht 0084400 35.96% LHC 0.1535 0.1658 0.1625 b:s 1:1.12
0604 Vol 0087850, Sht 0013400 15.25% LHC 0.1510 0.1699 0.1644 b:s 1:2.32
0603 Vol 0102057, Sht 0034507 33.81% LHC 0.1622 0.1700 0.1622 b:s 2.15:1
0602 Vol 0077384, Sht 0030515 39.43% LHC 0.1506 0.1696 0.1684 b:s 1.34:1
0530 Vol 0996618, Sht 0050916 05.11% LHC 0.1530 0.1760 0.1698 b:s 1:13.68
0529 Vol 0056002, Sht 0021300 38.03% LHC 0.1707 0.1760 0.1745 b:s 1:1.55
0528 Vol 0320588, Sht 0083803 26.14% LHC 0.1710 0.1800 0.1760 b:s 2.16:1
0527 Vol 0232101, Sht 0111601 48.08% LHC 0.1620 0.1710 0.1710 b:s 10.61:1
0523 Vol 0460894, Sht 0257650 55.90% LHC 0.1575 0.1649 0.1649 b:s 2.62:1
0522 Vol 0573849, Sht 0406600 70.85% LHC 0.1575 0.1630 0.1575 b:s 1:1.62[138]
0521 Vol 0207150, Sht 0019150 09.24% LHC 0.1560 0.1650 0.1625 b:s 1:1.34
0520 Vol 0275316, Sht 0087179 31.67% LHC 0.1604 0.1687 0.1630 b:s 1:1.02
0519 Vol 0139406, Sht 0058475 41.94% LHC 0.1650 0.1730 0.1650 b:s 1.74:1
0516 Vol 1000909, Sht 0291145 29.09% LHC 0.1600 0.1800 0.1650 b:s 1:1.90[137]
0515 Vol 0464387, Sht 0192250 41.40% LHC 0.1550 0.1823 0.1668 b:s 2.12:1
0514 Vol 1846426, Sht 0579965 31.41% LHC 0.1460 0.1891 0.1755 b:s 1:1.33
0513 Vol 0177697, Sht 0010000 05.63% LHC 0.1360 0.1479 0.1390 b:s 1:6.55[136]
0512 Vol 0408028, Sht 0040423 09.91% LHC 0.1350 0.1450 0.1400 b:s 1:5.70[135]
0509 Vol 0522796, Sht 0099219 18.98% LHC 0.1381 0.1470 0.1400 b:s 1:2.58
0508 Vol 0364523, Sht 0113993 31.27% LHC 0.1410 0.1450 0.1448 b:s 1.91:1
0507 Vol 0996741, Sht 0182201 18.28% LHC 0.1300 0.1410 0.1400 b:s 1:2.47[134]
0506 Vol 0466886, Sht 0053600 11.48% LHC 0.1302 0.1410 0.1311 b:s 1:1.95
0505 Vol 0318991, Sht 0015440 04.84% LHC 0.1302 0.1490 0.1349 b:s 1:2.65
0502 Vol 1069260, Sht 0594098 55.56% LHC 0.1250 0.1500 0.1420 b:s 1.59:1

[133] There were 5 pre-market trades for 32,130 shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 3,051,048 to 3,083,568 and would lower the short percentage from 29.97% to 29.66%. If the shares are also added to the short sales, the short volume moves from 914,664 to 946,794 and the short percentage would be 30.70%.
[134] There was an AH trade for 25,000 shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 996,840 to 1,021,840 and would lower the short percentage from 18.28% to 17.83%. If the shares are also added to the short sales, the short volume moves from 182,201 to 207,201 and the short percentage would be 20.28%.
[135] There was an AH trade for 130K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 408,828 to 538,028 and would lower the short percentage from 9.91% to 7.51%. If the shares are also added to the short sales, the short volume moves from 40,423 to 170,423 and the short percentage would be 31.68%.
[136] There was an AH trade for 20K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 177,607 to 197,687 and would lower the short percentage from 5.63% to 5.06%. If the shares are also added to the short sales, the short volume moves from 10,000 to 30,0004 and the short percentage would be 15.17%.
[137] There were two pre-market trades totaling 10K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 1,000,909 to 1,010,909 and would lower the short percentage from 29.09% to 28.80%. If the shares are also added to the short sales, the short volume moves from 291,145 to 301,145 and the short percentage would be 29.79%.
[138] There was one after-market trade of 5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 573,849 to 578,849 and would lower the short percentage from 70.85% to 70.24%. If the shares are also added to the short sales, the short volume moves from 406,600 to 411,600 and the short percentage would be 71.11%.
[139] There was one after-market trade of 2.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 315,525 to 318,025 and would lower the short percentage from 38.51% to 38.20%. If the shares are also added to the short sales, the short volume moves from 121,500 to 124,000 and the short percentage would be 38.99%.

06/27/2014: EOD stuff partially copied to the concentrator.
# Trds: 19, MinTrSz: 311, MaxTrSz: 15000, Vol: 98949, AvTrSz: 5208
Min. Pr: 0.1500, Max Pr: 0.1525, VW Avg. Tr. Pr: 0.1506
# Buys, Shares: 7 28700, VW Avg Buy Pr: 0.1518
# Sells, Shares: 12 70249, VW Avg Sell Pr: 0.1501
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:2.45 (29.00% "buys"), DlyShts 0 (00.00%), Dly Sht % of 'sells' 0.00%

It's looking like typical last week and first week of the month behavior for now - flat instead of falling. I can't say behavior will hold another week with holidays coming and extremes in low volume, daily shorts percentage and price compression. Neither can I say it won't hold.

Today we traded $14,897.30 of shares, up from yesterday's $11,487.45. In spite of the few trades and small volume, there was enough improvement to make me think the usual breakdowns by time or price might be worth the effort.

We had two "outliers" today - a 5K $0.1524 buy at 09:53 and a 10K $0.1525 buy at 10:07. All other trades were <= $0.1510. Sans these two trades, buy percentage (using the aggregate reduced volume) becomes 16.32% instead of the reported 29%, VWAP becomes $0.1502 instead of $0.1506.

I saw the 243K bid at $0.15 from CDEL right at the open today. My read at 11:21, before the $0.1501 bid from CDEL masked the $0.15 bid, had it at 229K and another 100K from BNCH. BNCH was 99K at 15:06, my last read today, and the CDEL $0.15 was still masked by the $0.1501.

There was one larger trade today of 15K at 11:21:13 for $0.1500.

Although we managed to improve the buy percentage again, it should not be given any weight with this kind of volume combined with the "outliers" mentioned above. Ditto for the daily short sales percentage - extremely low volumes have occasionally produced zero percentages in the past.

Recent VWAPs oldest through today: $0.1535,$0.1539, $0.1530, $0.1506, $0.1504, $0.1513, $0.1515 and $0.1506 ($0.1502 if those "outliers" are excluded). 5, 10 and 25-day VWAP averages, are all still descending. Today they are $0.1509, $0.1520 and $0.1578 respectively.

The longer-term rising support I described a few days back (short form: low of 2/24 through the low of 6/23), broken yesterday by the low and the close, was above the day's high, meaning we traded completely below it and closed below it a second consecutive day. This is supposed to be "confirmation" of a break out of some potential directional constraint.

Yesterday I said for now I suspect it will not affect anything. So far the typical "stop falling and go flat last week of the month and first week of next month" seems to be playing out. This is one reason I'm not expecting any movement in price in spite of the traditional TA stuff suggesting we should start falling.

We traded completely below the mid-point of the Bollinger range today, 0.1453 - $0.1653. The oscillators I watch are mixed with all at low levels and some weakening, some flat and some showing the first signs of improvement. I draw no conclusions form this, especially in a low-volume environment.

Today's low, high, VWAP, trade volume, and daily short sales moved -0.07%, -4.69%, -0.63%, 30.50% and -100.00% respectively. Price spread today was 1.67% vs. 6.60%, 6.67%, 1.93%, 2.80%, 2.32%, 1.64%, 1.91%, 4.26% and 4.53% on prior days.

If we exclude the two "outliers" mentioned above the day's high becomes $0.1510 and movements of the high and VWAP become -5.63% and -0.86% respectively. The day's spread becomes 0.67%.

Here's a trading breakdown by arbitrary time-frames, although it's utility may be marginal with the low volume. Note the first entry includes the "outliers" mentioned above. Sans these two trades, buy percentage becomes 0%, VWAP becomes $0.1501 and percentage of the (reduced) volume becomes 45.5%.
09:30-10:07: 053200 shrs, 53.77% of vol, VWAP $0.1508, 028.2% buys
11:21-12:25: 027349 shrs, 27.64% of vol, VWAP $0.1500, 000.0% buys
12:44-12:57: 010200 shrs, 10.31% of vol, VWAP $0.1506, 053.9% buys
13:10-15:20: 008200 shrs, 08.29% of vol, VWAP $0.1510, 100.0% buys

Here's a trading breakdown by arbitrary price range, although it's utility may be marginal with the low volume.
$0.1500-$0.1500: 042700 shrs, 43.15% of vol, VWAP $0.1500, 000.0% buys
$0.1501-$0.1501: 012549 shrs, 12.68% of vol, VWAP $0.1501, 000.0% buys
$0.1502-$0.1502: 015000 shrs, 15.16% of vol, VWAP $0.1502, 000.0% buys
$0.1510-$0.1510: 013700 shrs, 13.85% of vol, VWAP $0.1510, 100.0% buys
$0.1524-$0.1525: 015000 shrs, 15.16% of vol, VWAP $0.1525, 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.
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%
06/18 $0.1535 +01.18% 54.3%
06/19 $0.1539 +00.25% 66.4%
06/20 $0.1530 -00.59% 20.8%
06/23 $0.1506 -01.56% 02.8%
06/24 $0.1504 -00.13% 13.3%
06/25 $0.1513 +00.62% 19.5%
06/26 $0.1515 +00.11% 28.8%
06/27 $0.1506 -00.63% 29.0%

Regarding my newer inflection point calculations, today switched to two improved and four weaker from yesterday's only one period is weaker, which was the five-day. Is it still typical low-volume noise going on? I'm beginning to think a trend will shortly appear.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77
-316.72 -333.60 -1213.34 -5732.46 -17038.80 -53507.42
-034.40 -038.82 -0141.96 -0753.12 -02087.62 -06380.34
-048.26 -054.14 -0187.48 -0700.28 -02083.74 -06492.57
-065.39 -114.95 -0173.16 -0757.12 -02266.15 -06822.91
-078.66 -148.10 -0223.43 -0692.98 -02191.02 -06716.74
-091.97 -140.87 -0228.39 -0667.19 -02113.59 -06461.46
-104.97 -139.46 -0223.90 -0589.67 -02102.07 -06296.39
-098.54 -146.79 -0210.95 -0611.03 -02107.24 -06343.32

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/26/2014: EOD stuff partially copied to the concentrator.
# Trds: 17, MinTrSz: 160, MaxTrSz: 13000, Vol: 75823, AvTrSz: 4460
Min. Pr: 0.1501, Max Pr: 0.1600, VW Avg. Tr. Pr: 0.1515
# Buys, Shares: 9 21823, VW Avg Buy Pr: 0.1532
# Sells, Shares: 7 49500, VW Avg Sell Pr: 0.1507
# Unkn, Shares: 1 4500, VW Avg Unk. Pr: 0.1520
Buy:Sell 1:2.27 (28.78% "buys"), DlyShts 2363 (03.12%), Dly Sht % of 'sells' 4.77%

Today we traded $11,487.45 of shares. In light of the few trades and small volume, there's no breakdowns by time or price today - just not worth the effort.

We had one buy of 363 shares at $0.16 at the open. Combined with some of the other buys at $0.1540, we can total to the day's short sales of 2,363.

The 243K bid at $0.15 from CDEL appeared at 10:23 today. It could have been there from the open but was masked by higher bids, beginning with $0.152 x 8.5K, by CDEL from 9:30 until 10:23 or so.

There were no larger trades today.

Although we managed to improve the buy percentage again, it's should not be given any weight with this kind of volume.

Recent VWAPs oldest through today: $0.1517, $0.1535,$0.1539, $0.1530, $0.1506, $0.1504, $0.1513 and $0.1515. 5, 10 and 25-day VWAP averages, are all still descending. Today they are $0.1514, $0.1526 and $0.1581 respectively.

We traded completely above and closed above my short-term descending resistance again. I'm figuring it's out of play now as the near-term outlook is that $0.15 will continue to hold and the line is well below that now.

The longer-term rising support I described a few days back (short form: low of 2/24 through the low of 6/23) was broken today by the low and the close. For now I suspect it also will not affect anything. If we start to get a rise in share price, the line may come back into play as resistance, so I'll leave in place.

We are still roughly mid-point of the Bollinger range, $0.14~0.145 - $0.1775.

Today's low, high, VWAP, trade volume, and daily short sales moved 0.07%, 0.00%, 0.11%, -53.05% and -95.32% respectively. Price spread today was 6.60% vs. 6.67%, 1.93%, 2.80%, 2.32%, 1.64%, 1.91%, 4.26%, 4.53% and 1.95% on prior days.

No trading breakdown by arbitrary time-frames today.

No breakdown by arbitrary price range today.

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.
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%
06/18 $0.1535 +01.18% 54.3%
06/19 $0.1539 +00.25% 66.4%
06/20 $0.1530 -00.59% 20.8%
06/23 $0.1506 -01.56% 02.8%
06/24 $0.1504 -00.13% 13.3%
06/25 $0.1513 +00.62% 19.5%
06/26 $0.1515 +00.11% 28.8%

There were no larger trades today.

Regarding my newer inflection point calculations, today only one period is weaker, but it is the five-day. Still typical low-volume noise going on I guess.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77
-316.72 -333.60 -1213.34 -5732.46 -17038.80 -53507.42
-034.40 -038.82 -0141.96 -0753.12 -02087.62 -06380.34
-048.26 -054.14 -0187.48 -0700.28 -02083.74 -06492.57
-065.39 -114.95 -0173.16 -0757.12 -02266.15 -06822.91
-078.66 -148.10 -0223.43 -0692.98 -02191.02 -06716.74
-091.97 -140.87 -0228.39 -0667.19 -02113.59 -06461.46
-104.97 -139.46 -0223.90 -0589.67 -02102.07 -06296.39

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/25/2014: EOD stuff partially copied to the concentrator.
# Trds: 21, MinTrSz: 500, MaxTrSz: 55000, Vol: 161508, AvTrSz: 7691
Min. Pr: 0.1500, Max Pr: 0.1600, VW Avg. Tr. Pr: 0.1513
# Buys, Shares: 10 31536, VW Avg Buy Pr: 0.1551
# Sells, Shares: 10 119972, VW Avg Sell Pr: 0.1503
# Unkn, Shares: 1 10000, VW Avg Unk. Pr: 0.1520
Buy:Sell 1:3.80 (19.53% "buys"), DlyShts 50536 (31.29%), Dly Sht % of 'sells' 42.12%

Today's close was brought to you by a single buy of 1,680 shares for $0.1539 at 15:27:40, three seconds after a sell of 4K shares for $0.1500 at 15:27:37, which was but one trade in a string of eight at <= $0.151 totaling 100,472 shares from 13:40 onward. All but one trade of 1K shares were sells.

Today reminds me of the trading typical of the last week of a month and the first week of the following month. VWAP is flattish or slightly up, rather than trending lower. Yeah, it's only one day, but after the heavy selling and VWAP of the prior three days even a relief rally looks good. Of course, buy percentage was still only 19.5% and sell percentage was still 74.3%, so it's not all that much of a relief.

Only the VWAP up a piddling 0.62% could be considered "relief". And the three trades totaling 8K shares at $0.16 was a relief I guess. One was at 9:52 and two were at 10:05.

The large bids at $0.15 - 298K from CDEL, ETRF 100K and ATDF and NITE for smaller quantities occasionally, were here again. Another 59K was sold into it. At day's end CDEL still had 243K bid.

Yesterday's question was are the sellers out or not. The answer seems to be not yet.

We again managed to improve the buy percentage - we got to 19.5% from yesterday's 13.3% and the prior 2.8%. Still not great, but better. The daily short sales percentage behaved, moving from 12.55% to 31.29% today.

Recent VWAPs oldest through today: $0.1540, $0.1517, $0.1535,$0.1539, $0.1530, $0.1506, $0.1504 and $0.1513. 5, 10 and 25-day VWAP averages, all still descending, are down to $0.1518, $0.1530 and $0.1585 from yesterday's $0.1523, $0.1533 and $0.1590 and the prior $0.1525, $0.1537 and $0.1597. The fifty-day is trending down as well, now $0.1525 vs. prior values of $0.1528, $0.1531 and $0.1537.

Well, we closed above my short-term descending resistance for the second day. If this wasn't the last week of the month I might get all giddy thinking we had a meaningful "break out". But with the patterns for last and first week of the months in mind, I am withholding judgment. I did say yesterday that with the close being barely above (hard to tell - maybe 1/100th penny?) I'm going to leave the line for another day or two.

Of the longer-term rising support I described a few days back (short form: low of 2/24 through the low of 6/23), I said if we close below it again, it is no longer in play ... unless it's another one of those "squeakers", in which case I leave it and see if we come back. Our low looks to be sitting right on it. Our "miraculous" $0.1539 close managed to keep the close above it. If we throw out that 1,680 share trade 3 seconds later that the prior one at $0.15 (and which had lots of company), we would have closed below it.

For now I am not treating the action as a close above.

With the upper Bollinger limit drop and the higher trading range today we are roughly mid-point of the $0.14 - $0.17 range. That removes my thought that we might get some lift from being well below mid-range.

Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, 4.64%, 0.62%, -62.12% and -5.54% respectively. Price spread today was 6.67% vs. 1.93%, 2.80%, 2.32%, 1.64%, 1.91%, 4.26%, 4.53%, 1.95% and 5.61% on prior days.

Here's a trading breakdown by arbitrary time-frames. Note that the last period was a single trade three seconds after the last trade in a long string of trades at <=$0.151. Also, trades through the period ending at 10:05 were all buys and included the day's three $0.16 trades.
09:30-09:30: 030000 shrs, 18.57% of vol, VWAP $0.1531, 050.0% buys
09:52-10:05: 008000 shrs, 04.95% of vol, VWAP $0.1600, 100.0% buys
11:49-11:58: 020356 shrs, 12.60% of vol, VWAP $0.1502, 023.9% buys
12:58-13:59: 081472 shrs, 50.44% of vol, VWAP $0.1504, 001.2% buys
15:25-15:27: 020000 shrs, 12.38% of vol, VWAP $0.1501, 005.0% buys
15:27-15:27: 001680 shrs, 01.04% of vol, VWAP $0.1539, 100.0% buys

Here's a breakdown by arbitrary price range.
$0.1500-$0.1502: 095356 shrs, 59.04% of vol, VWAP $0.1501, 006.1% buys
$0.1510-$0.1520: 040472 shrs, 25.06% of vol, VWAP $0.1513, 000.0% buys
$0.1539-$0.1569: 017680 shrs, 10.95% of vol, VWAP $0.1544, 100.0% buys
$0.1600-$0.1600: 008000 shrs, 04.95% of vol, VWAP $0.1600, 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.
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%
06/18 $0.1535 +01.18% 54.3%
06/19 $0.1539 +00.25% 66.4%
06/20 $0.1530 -00.59% 20.8%
06/23 $0.1506 -01.56% 02.8%
06/24 $0.1504 -00.13% 13.3%
06/25 $0.1513 +00.62% 19.5%

The larger trades (>= 15K) occurred on 2 of the 21 trades, 9.52%. These 75,000 shares were 46.44% of day's volume, and traded at a VWAP of $0.1503. Both were "sells" - one of 55K at $0.15 and one of 20K at $0.1510.

The other 19 trades, 90.48% of the day's trades, traded 86,508 shares, 53.56% of the days volume. The VWAP was $0.1523. 10 trades, 52.63%, were buys and accounted for 31,536 shares, 36.45% of the smaller trade volume, and traded at a VWAP of $0.1551. 8 trades, 42.11%, were sells and accounted for 44,972 shares, 51.99% of the smaller trade volume, and traded at a VWAP of $0.1504. 1 trades, 5.26%, were unknown and accounted for 10,000 shares, 11.56% of the smaller trade volume, and traded at a VWAP of $0.1520.

Regarding my newer inflection point calculations, yesterday I noted we're at three weaker and thought stuff would be more negative tomorrow I thought. Well, missed that one as buy percentage improved. Today only two are weaker. Still typical low-volume noise going on I guess.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77
-316.72 -333.60 -1213.34 -5732.46 -17038.80 -53507.42
-034.40 -038.82 -0141.96 -0753.12 -02087.62 -06380.34
-048.26 -054.14 -0187.48 -0700.28 -02083.74 -06492.57
-065.39 -114.95 -0173.16 -0757.12 -02266.15 -06822.91
-078.66 -148.10 -0223.43 -0692.98 -02191.02 -06716.74
-091.97 -140.87 -0228.39 -0667.19 -02113.59 -06461.46

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily jpost above.

06/24/2014: EOD stuff partially copied to the concentrator.
# Trds: 30, MinTrSz: 700, MaxTrSz: 100000, Vol: 426360, AvTrSz: 14212
Min. Pr: 0.1500, Max Pr: 0.1529, VW Avg. Tr. Pr: 0.1504
# Buys, Shares: 7 56757, VW Avg Buy Pr: 0.1513
# Sells, Shares: 22 364861, VW Avg Sell Pr: 0.1502
# Unkn, Shares: 1 4742, VW Avg Unk. Pr: 0.1520
Buy:Sell 1:6.43 (13.31% "buys"), DlyShts 53499 (12.55%), Dly Sht % of 'sells' 14.66%

The large bid at $0.15 - 400K from CDEL was combined with the ETRF 100K bid and ATDF's 10K (and NITE off and on?) to potentially offer support at $0.15 again. My suspicions that the 400K might not be serious was unfounded - it stayed in place and was all gobbled up today along with the other 110K+. Darn good thing too! Over the last several days I had said I thought a lot of folks were looking to get out at >=$0.15, that I thought the $0.15 support moment of truth was near, ...

All too true it looks like. Now the question is are the sellers out or not. From what I saw late in the day the urge to exit was strong. NITE, ATDF and one MM I couldn't catch frequently lowered offers late in the day at the same time that some buyers took advantage and bought above $0.15, but not by much. In the last hour 89,962 shares traded at a VWAP of $0.1511 with a buy percentage of 48.91%.

The last time we had "large" apparent support of 700K+, before the new shares from the PIPE deal were in the market, that support didn't hold long and we went down upon exhaustion of that quantity. I don't know we'll repeat but there's been a tendency for market action to do so.

We did manage to improve the buy percentage from yesterday's 2.8% - we got 13.3%. Not great, but better than a sharp stick in the eye. Concomitant with that, the daily short sales percentage moved from 1.28% to 12.55% today.

Recent VWAPs oldest through today: $0.1560, $0.1540, $0.1517, $0.1535,$0.1539, $0.1530, $0.1506 and $0.1504. 5, 10 and 25-day VWAP averages, all still descending, are down to $0.1523, $0.1533 and $0.1590 from yesterday's $0.1525, $0.1537 and $0.1597 the prior $0.1532, $0.1546 and $0.1604. The fifty-day is trending down as well, now down to $0.1528 from yesterday's $0.1531 and the prior $0.1537.

I said yesterday my short-term descending resistance hit $0.15, AFAICT, today and we managed to barely close above it. If we close above it again tomorrow, we can take that line off the chart. We did close above it, but with today's close being barely above (hard to tell - maybe 1/100th penny?) I'm going to leave the line for another day or two.

Of the longer-term rising support I described yesterday (short form: low of 2/24 through the low of 6/23), I said "Everything I see says we will close below it tomorrow, 6/24, because it is rising and share price is compressing towards $0.15". We did close below it. If we close below it again, it is no longer in play ... unless it's another one of those "squeakers", in which case I leave it and see if we come back.

For both of these trend lines, the volatility that normally comes with low volume may bring it back, but I doubt it.

The faint hope on the traditional chart provided by the Bollinger bands is still there, but they continue to fall and there's still no support from the oscillators I watch.

Today's low, high, VWAP, trade volume, and daily short sales moved -0.13%, -0.97%, -0.13%, 118.34% and 2039.96% respectively. Price spread today was 1.93% vs. 2.80%, 2.32%, 1.64%, 1.91%, 4.26%, 4.53%, 1.95%, 5.61% and 5.89% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:31-09:32: 058970 shrs, 13.83% of vol, VWAP $0.1501, 000.0% buys
09:41-09:50: 242670 shrs, 56.92% of vol, VWAP $0.1501, 000.0% buys
10:38-13:06: 019758 shrs, 04.63% of vol, VWAP $0.1519, 064.6% buys
13:13-15:00: 016220 shrs, 03.80% of vol, VWAP $0.1501, 000.0% buys
15:16-15:28: 038742 shrs, 09.09% of vol, VWAP $0.1524, 038.1% buys
15:29-15:59: 050000 shrs, 11.73% of vol, VWAP $0.1502, 058.5% buys

Here's a breakdown by arbitrary price range.
$0.1500-$0.1502: 339232 shrs, 79.56% of vol, VWAP $0.1500, 008.3% buys
$0.1510-$0.1519: 044370 shrs, 10.41% of vol, VWAP $0.1513, 022.5% buys
$0.1520-$0.1529: 042758 shrs, 10.03% of vol, VWAP $0.1524, 043.9% 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.
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%
06/18 $0.1535 +01.18% 54.3%
06/19 $0.1539 +00.25% 66.4%
06/20 $0.1530 -00.59% 20.8%
06/23 $0.1506 -01.56% 02.8%
06/24 $0.1504 -00.13% 13.3%

The larger trades (>= 15K) occurred on 9 of the 30 trades, 30.00%. These 320,527 shares were 75.18% of day's volume, and traded at a VWAP of $0.1502. 1 of the larger trades, 11.11%, were buys of 24,999 shares, 7.80% of the larger trades volume, and traded at a VWAP of $0.1501. 8 of the larger trades, 88.89%, were sells of 295,528 shares, 92.20% of the larger trades volume, and traded at a VWAP of $0.1502.

The other 21 trades, 70.00% of the day's trades, traded 105,833 shares, 24.82% of the days volume. The VWAP was $0.1511. 6 trades, 28.57%, were buys and accounted for 31,758 shares, 30.01% of the smaller trade volume, and traded at a VWAP of $0.1522. 14 trades, 66.67%, were sells and accounted for 69,333 shares, 65.51% of the smaller trade volume, and traded at a VWAP of $0.1504. 1 trades, 4.76%, were unknown and accounted for 4,742 shares, 4.48% of the smaller trade volume, and traded at a VWAP of $0.1520.

Regarding my newer inflection point calculations, we went from couple days improvement followed by four of the periods weaker and five periods more negative yesterday. Today we're at three weaker. Look for stuff to be more negative tomorrow I think. I guess we have typical low-volume noise going on.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77
-316.72 -333.60 -1213.34 -5732.46 -17038.80 -53507.42
-034.40 -038.82 -0141.96 -0753.12 -02087.62 -06380.34
-048.26 -054.14 -0187.48 -0700.28 -02083.74 -06492.57
-065.39 -114.95 -0173.16 -0757.12 -02266.15 -06822.91
-078.66 -148.10 -0223.43 -0692.98 -02191.02 -06716.74

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/23/2014: EOD stuff partially copied to the concentrator.
# Trds: 24, MinTrSz: 500, MaxTrSz: 35000, Vol: 195270, AvTrSz: 8136
Min. Pr: 0.1502, Max Pr: 0.1544, VW Avg. Tr. Pr: 0.1506
# Buys, Shares: 4 5500, VW Avg Buy Pr: 0.1532
# Sells, Shares: 19 188770, VW Avg Sell Pr: 0.1505
# Unkn, Shares: 1 1000, VW Avg Unk. Pr: 0.1520
Buy:Sell 1:34.32 (02.82% "buys"), DlyShts 2500 (01.28%), Dly Sht % of 'sells' 1.32%

The 160K offer at $0.17 was not present today.

However, we had an exorbitantly large bid at $0.15 - 400K from CDEL entered at 09:55 (later made 403K). At 11:25 ETRF piled in with a 100K bid at $0.15 and late in the day ATDF added 17K there, so we had an aggregate 520K bid there. Naturally, no trades went off there - instead the $0.1502 at 100K which BNCH had in from the open acted as the day's low.

The 100K from ETRF and the 17K from ATDF don't raise any flags for me, but the 400K+ from CDEL strikes me as just another case of rotation of orders among market-makers, possibly in an attempt to be a bit stealthy while providing support for selling above $0.15. My thinking is today's CDEL 400K replaced the ATDF 300K we saw 6/17. As was the case with the 300K from ATDF on 6/17 with a 78.6% sell rate, we again had a high sell percentage, 96.7%, and it was paired with yesterday's 79.2%.

VWAP had tried to break the prior trend of continuously creeping lower by posting two consecutive days of a higher VWAP. It was not able to maintain that as it returned to the down trend yesterday as VWAP moved down 0.59%. Today confirms the return to the down trend with VWAP down 1.56% and volume up 32,78%. This is not good. Moreover, yesterday we could blame most of it on the few big trades. Not so today as both the larger and normal-sized trades were almost exclusively sells (96.7%) and both groups had VWAPs well down from yesterday's $0.1530, which was down from $0.1539.

Recent VWAPs oldest through today: $0.1553, $0.1560, $0.1540, $0.1517, $0.1535,$0.1539, $0.1530 and $0.1506. 5, 10 and 25-day VWAP averages, all still descending, are $0.1525, $0.1537 and $0.1597 vs. yesterday's $0.1532, $0.1546 and $0.1604. The fifty-day is trending down as well, now down to $0.1531 from yesterday's $0.1537.

I still think a seller that really wants out is still in the market because the sell percentage, 96.7%, was even worse than yesterday's 79.2%. There was still no sign of the 300K $0.15 bid from ATDF since then, but it was replaced today by the aggregate 520K bid at $0.15 mentioned above.

Our daily high lost credibility today with one buy of 1K shares for $0.1544 at 9:35. The next lower price, $0.1540 had two trades totaling 2K shares from 10:39 to 10:41, followed by two trades of 3.5K shares for $0.1520 at 13:39 and the later (attempt to paint a higher close?) 2.5K shares buy at 15:59:30, taking advantage of a $0.152 offer that appeared at 15:55.

My short-term descending resistance hit $0.15, AFAICT, today and we managed to barely close above it. If we close above it again tomorrow, we can take that line off the chart.

We have a longer-term rising support originating at the low of 2/24 with touches at the lows of 2/25, 5/2 and now today, 6/23. It's paired with a descending resistance originating at the high of 3/10 and having touches at the highs of 5.14 and 5/28. Adding an imagined vertical line at 3/10 forms an isosceles triangle, commonly termed a pennant in traditional TA. Breakout normally occurs from 66% - 75%, or eve later, along the lateral distance. We are well into that area.

Everything I see says we will close below it tomorrow, 6/24, because it is rising and share price is compressing towards $0.15.

One faint hope on the traditional chart is the Bollinger bands. Right now we are in the lower half of the range ($0.1435 - $0.1758) and one always looks for pressure to move back to the mid-point. But both the upper and lower are falling and mid-point could be achieved by the limits moving rather than the price moving. I say the hope is faint because not one of the oscillators I watch has a positive slope offering any support for this hope.

Today's low, high, VWAP, trade volume, and daily short sales moved -0.53%, -0.06%, -1.56%, 32.78% and -94.83% respectively. Price spread today was 2.80% vs 2.32%, 1.64%, 1.91%, 4.26%, 4.53%, 1.95%, 5.61%, 5.89% and 9.93% on prior days.

Buy and daily short percentages behaved today - both lower: buy percentage to 2.8% from 20.8% and daily short from 32.91 to 1.28%. Those numbers are not typographical errors!

Here's a trading breakdown by arbitrary time-frames. Note the last time-frame contains only a single trade that executed when the offer was dropped from $0.1539 to $0.152 at 15:55.
09:30-10:35: 033000 shrs, 16.90% of vol, VWAP $0.1513, 003.0% buys
10:39-10:41: 002000 shrs, 01.02% of vol, VWAP $0.1540, 100.0% buys
11:15-11:49: 082500 shrs, 42.25% of vol, VWAP $0.1505, 000.0% buys
13:39-15:41: 075270 shrs, 38.55% of vol, VWAP $0.1502, 000.0% buys
15:59-15:59: 002500 shrs, 01.28% of vol, VWAP $0.1520, 100.0% buys

Here's a breakdown by arbitrary price range.
$0.1502-$0.1502: 096800 shrs, 49.57% of vol, VWAP $0.1502, 000.0% buys
$0.1503-$0.1506: 039970 shrs, 20.47% of vol, VWAP $0.1505, 000.0% buys
$0.1511-$0.1512: 052000 shrs, 26.63% of vol, VWAP $0.1512, 000.0% buys
$0.1520-$0.1520: 003500 shrs, 01.79% of vol, VWAP $0.1520, 071.4% buys
$0.1540-$0.1544: 003000 shrs, 01.54% of vol, VWAP $0.1541, 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.
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%
06/18 $0.1535 +01.18% 54.3%
06/19 $0.1539 +00.25% 66.4%
06/20 $0.1530 -00.59% 20.8%
06/23 $0.1506 -01.56% 02.8%

The larger trades (>= 15K) occurred on 4 of the 24 trades, 16.67%. These 100,000 shares were 51.21% of day's volume, and traded at a VWAP of $0.1503. All were sells.

The other 20 trades, 83.33% of the day's trades, traded 95,270 shares, 48.79% of the days volume. The VWAP was $0.1509. 4 trades, 20.00%, were buys and accounted for 5,500 shares, 5.77% of the smaller trade volume, and traded at a VWAP of $0.1532. 15 trades, 75.00%, were sells and accounted for 88,770 shares, 93.18% of the smaller trade volume, and traded at a VWAP of $0.1508.

Regarding my newer inflection point calculations, the hope offered by a couple days improvement fizzled as we flipped to four of the periods weakened yesterday. I said the other two might follow and OTOH it could be we're just returning to low-volume induced noise. It looks like the former is the case as we now have five periods more negative.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77
-316.72 -333.60 -1213.34 -5732.46 -17038.80 -53507.42
-034.40 -038.82 -0141.96 -0753.12 -02087.62 -06380.34
-048.26 -054.14 -0187.48 -0700.28 -02083.74 -06492.57
-065.39 -114.95 -0173.16 -0757.12 -02266.15 -06822.91

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/20/2014: EOD stuff partially copied to the concentrator.
# Trds: 16, MinTrSz: 92, MaxTrSz: 46000, Vol: 147060, AvTrSz: 9191
Min. Pr: 0.1510, Max Pr: 0.1545, VW Avg. Tr. Pr: 0.1530
# Buys, Shares: 4 30660, VW Avg Buy Pr: 0.1543
# Sells, Shares: 12 116400, VW Avg Sell Pr: 0.1526
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:3.80 (20.85% "buys"), DlyShts 48400 (32.91%), Dly Sht % of 'sells' 41.58%

The 160K offer at $0.17 was with CSTI today. It seems there's some sort of rotation of the order among various MMs going on. I wonder what the purpose could be if so.

VWAP, which had been continuously creeping lower, made an apparent first attempt at breaking the trend yesterday with a second consecutive day of a higher VWAP. I noted "However, both days were low volume days, 85.29K and 188.75K, following a relatively higher volume day of 376.83K. I'm waiting to see what develops before reading much into it". Good thing because today the VWAP moved down 0.59% as volume also dropped 22.09%. Most of this was due to the day's larger trades, which accounted for 68.68% of day's volume, and traded at a VWAP of $0.1527.

Even the smaller trades didn't help though, trading 46,060 shares, 31.32% of the days volume at a VWAP of$0.1535.

So we have to reset and hope for another potential start of a more positive trend.

Recent VWAPs oldest through today: $0.1545, $0.1553, $0.1560, $0.1540, $0.1517, $0.1535,$0.1539 and $0.1530. 5, 10 and 25-day VWAP averages, all still descending, are $0.1532, $0.1546 and $0.1604 vs. yesterday's $0.1538, $0.1550 and $0.1610 vs. the prior $0.1541, $0.1556 and $0.1617. The fifty-day is trending down as well, now down to $0.1537.

I think a seller that really wants out is still in the market because the sell percentage was 79.2%, fortunately on low volume, versus that 78.6% on 376.83K on 6/17. Still no sign of the 300K $0.15 bid from ATDF since then.

The day's low was very unusual - still a single trade but his time with volume of 46K for $0.1510 at 11:24. No bid or ask at this price was seen. The next higher price, $0.1520, had six trades for 9.4K shares.

Our daily high was again credible today with three buys at $0.1545 totaling 21,660 shares. The suspicious one - again we have one - was 160 shares at 15:36. If it was an attempt to paint a higher close, it was defeated by a later trade. The volume was still not large enough to be a big green flag, but it was large enough, barely I guess, to not be a red one.

I mentioned yesterday that at last the highs challenged my descending resistance but in reality it was the descending resistance which is doing the challenging as it dropped faster than the highs had dropped and we closed above it with three trades (one of 700 shares at 15:59:41) at $0.1545 in the last eighteen minutes of the day.

Well, scratch that positive indicator. Today we closed below it again with a 1K share (actually a 908 and 92 share odd lot) at 15:48, the last trade of the day, for $0.152. The descending resistance appears to be ~$0.153 AFAICT. This consistent inability to break and close above this resistance, even when the buy percentages are relatively high, is getting very concerning. Low volume may be the cause, but trading range is being "compressed" right down to the $0.15 support with little sign of wanting to pull up and away from it. If it can't do that I think it eventually has to drop below $0.15.

But it's starting to get serious here as the traditional TA stuff is shaping up in a decidedly unfriendly fashion. As opposed to yesterday when the oscillators I watch had a more positive slant, today all but MFI weakened. RSI dropped to 44 from 47, momentum went from 95 to 92, Williams %R dipped back into oversold, full stochastic went from positive to flat and ADX's DI+ weakened from its already-weak 12 to 11.

Today's low, high, VWAP, trade volume, and daily short sales moved -0.66%, 0.00%, -0.59%, -22.09% and -38.50% respectively. Price spread today was 2.32% vs. 1.64%, 1.91%, 4.26%, 4.53%, 1.95%, 5.61%, 5.89%, 9.93% and 7.71% on prior days.

Buy and daily short percentages behaved today - both lower: buy percentage to 20.8 from 66.4 and daily short from 41.69 to 32.91.

Here's a trading breakdown by arbitrary time-frames.
09:43-09:48: 008400 shrs, 05.71% of vol, VWAP $0.1520, 000.0% buys
11:12-11:56: 089000 shrs, 60.52% of vol, VWAP $0.1524, 001.7% buys
14:34-14:39: 028500 shrs, 19.38% of vol, VWAP $0.1540, 031.6% buys
15:30-15:48: 021160 shrs, 14.39% of vol, VWAP $0.1544, 095.3% buys

Here's a breakdown by arbitrary price range.
$0.1510-$0.1510: 046000 shrs, 31.28% of vol, VWAP $0.1510, 000.0% buys
$0.1520-$0.1520: 010900 shrs, 07.41% of vol, VWAP $0.1520, 000.0% buys
$0.1539-$0.1539: 009000 shrs, 06.12% of vol, VWAP $0.1539, 100.0% buys
$0.1540-$0.1540: 059500 shrs, 40.46% of vol, VWAP $0.1540, 000.0% buys
$0.1545-$0.1545: 021660 shrs, 14.73% of vol, VWAP $0.1545, 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.
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%
06/18 $0.1535 +01.18% 54.3%
06/19 $0.1539 +00.25% 66.4%
06/20 $0.1530 -00.59% 20.8%

The larger trades (>= 15K) occurred on 4 of the 16 trades, 25.00%. These 101,000 shares were 68.68% of day's volume, and traded at a VWAP of $0.1527. 1 of the larger trades, 25.00%, were buys of 20,000 shares, 19.80% of the larger trades volume, and traded at a VWAP of $0.1545. 3 of the larger trades, 75.00%, were sells of 81,000 shares, 80.20% of the larger trades volume, and traded at a VWAP of $0.1523.

The other 12 trades, 75.00% of the day's trades, traded 46,060 shares, 31.32% of the days volume. The VWAP was $0.1535. 3 trades, 25.00%, were buys and accounted for 10,660 shares, 23.14% of the smaller trade volume, and traded at a VWAP of $0.1540. 9 trades, 75.00%, were sells and accounted for 35,400 shares, 76.86% of the smaller trade volume, and traded at a VWAP of $0.1534.

Regarding my newer inflection point calculations, after having two consecutive days of improvements in all periods subsequent to Tuesday's selling spree, low volume and a low buy percentage of 20.8% brought the prior behavior back. I had said we could start to watch and see if a trend is maintained regardless of volume. That hope fizzled as we flipped to four of the periods weakened again. The other two might follow. OTOH, it could be we're just returning to low-volume induced noise.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
+029.49 -061.16 -0311.99 -0891.57-02355.42-06713.50
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77
-316.72 -333.60 -1213.34 -5732.46 -17038.80 -53507.42
-034.40 -038.82 -0141.96 -0753.12 -02087.62 -06380.34
-048.26 -054.14 -0187.48 -0700.28 -02083.74 -06492.57

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/19/2014: EOD stuff partially copied to the concentrator.
# Trds: 30, MinTrSz: 400, MaxTrSz: 17500, Vol: 188752, AvTrSz: 6292
Min. Pr: 0.1520, Max Pr: 0.1545, VW Avg. Tr. Pr: 0.1539
# Buys, Shares: 20 125244, VW Avg Buy Pr: 0.1543
# Sells, Shares: 10 63508, VW Avg Sell Pr: 0.1531
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1.97:1 (66.35% "buys"), DlyShts 78694 (41.69%), Dly Sht % of 'sells' 123.91%

$0.15 has been presenting more support than I expected (but what would've happened Tuesday when we had 376.83K volume and 78.6% "sells" without that 300K bid at $0.15 from ATDF?). We are approaching the moment of truth I think. There are small signs that it may continue to hold. But without volume it is hard to make a judgment with any confidence.

When I add in the consistent, excepting today I guess, "painting" of the tape with highs set by 3xx-6xx share trades, I'm even less confident. The problem with this is that if they are working, I could be all wrong regardless.

The 160K offer at $0.17 was again present today, remaining with CDEL.

VWAP, which was continuously creeping lower, may be breaking the trend. Today is the second consecutive day of a higher VWAP. However, both days were low volume days, 85.29K and 188.75K, following a relatively higher volume day of 376.83K. I'm waiting to see what develops before reading much into it.

Recent VWAPs oldest through today: $0.1549, $0.1545, $0.1553, $0.1560, $0.1540, $0.1517, $0.1535 and $0.1539. 5, 10 and 25-day VWAP averages, all descending, are $0.1538, $0.1550 and $0.1610 vs. yesterday's $0.1541, $0.1556 and $0.1617. The five-day is now also below the falling 50-day, $0.1542.

I think today's low volume and buy percentage again confirms the Tuesday volume bump was a seller that really wanted out because the sell percentage was 78.6% on 376.83K, and Wednesday's sell percent was 45.7% on 85.29K, and today's was 33.6% on 188.75K volume.

The day's low was a single 3,008 share trade for $0.1520 at 15:13:42. The next higher price, $0.1521, had six trades for 17.4K shares.

At last we've seen a credible daily high - today's $0.1545 had five trades totaling 33K shares. Not large enough to be a big green flag, but large enough to not be a red one. The only one that I didn't like was the obvious assurance of a high close with a 700 share buy for $0.1545 at 15:59:41.

At last the highs challenged my descending resistance, at ~$0.1535 today, which they had not done beginning 6/11. But in all truth it's the descending resistance which is doing the challenging as it dropped faster than the highs had dropped - the high did not rise up to meet the resistance. Regardless, we closed above it with three trades (one of 700 shares at 15:59:41) at $0.1545 in the last eighteen minutes of the day.

Now if we only had some volume we could read this as a possible positive. With volume where it's at we have to read it as just another artifact of low-volume volatility I think.

The oscillators I watch had a more positive slant today - RSI, momentum, Williams %R and full stochastic all ticked up. All are still well below neutral, except that RSI is just a wee bit below at 47.03. ADX related and accum/distribution were flat.

The interesting bid from ATDF of 300K at $0.15 that I think was bid Tuesday just to support the sellers (78.6% sells with the day's VWAP at $0.1517) did not appear for the second subsequent day. Hmmm ...

Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, -0.26%, 0.25%, 121.31% and 74.88% respectively. Price spread today was 1.64% vs. 1.91%, 4.26%, 4.53%, 1.95%, 5.61%, 5.89%, 9.93%, 7.71% and 8.26% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:51-10:00: 010294 shrs, 05.45% of vol, VWAP $0.1544, 100.0% buys
10:24-11:23: 028500 shrs, 15.10% of vol, VWAP $0.1540, 096.5% buys
12:41-14:41: 049458 shrs, 26.20% of vol, VWAP $0.1532, 015.2% buys
15:05-15:08: 025000 shrs, 13.24% of vol, VWAP $0.1544, 100.0% buys
15:12-15:13: 020000 shrs, 10.60% of vol, VWAP $0.1529, 047.3% buys
15:30-15:59: 055500 shrs, 29.40% of vol, VWAP $0.1544, 082.0% buys

Here's a breakdown by arbitrary price range.
$0.1520-$0.1521: 020408 shrs, 10.81% of vol, VWAP $0.1521, 011.8% buys
$0.1530-$0.1539: 044500 shrs, 23.58% of vol, VWAP $0.1534, 022.5% buys
$0.1540-$0.1545: 123844 shrs, 65.61% of vol, VWAP $0.1544, 091.1% 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.
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%
06/18 $0.1535 +01.18% 54.3%
06/19 $0.1539 +00.25% 66.4%

The larger trades (>= 15K) occurred on 3 of the 30 trades, 10.00%. These 47,750 shares were 25.30% of day's volume, and traded at a VWAP of $0.1540. 2 of the larger trades, 66.67%, were buys of 32,750 shares, 68.59% of the larger trades volume, and traded at a VWAP of $0.1544. 1 of the larger trades, 33.33%, were sells of 15,000 shares, 31.41% of the larger trades volume, and traded at a VWAP of $0.1530.

The other 27 trades, 90.00% of the day's trades, traded 141,002 shares, 74.70% of the days volume. The VWAP was $0.1538. 18 trades, 66.67%, were buys and accounted for 92,494 shares, 65.60% of the smaller trade volume, and traded at a VWAP of $0.1542. 9 trades, 33.33%, were sells and accounted for 48,508 shares, 34.40% of the smaller trade volume, and traded at a VWAP of $0.1531.

Regarding my newer inflection point calculations, we have two consecutive days of improvements in all periods since Tuesday's selling spree. It's still low-volume, barring us from having great confidence that a trend may have started, but at least it's not just "noise" that is flipping every day. We can start to watch and see if a trend is maintained regardless of volume. After all, it's entirely possible that price can "melt up", just like the Fed has caused the S & P 500 to do regardless of "fundamentals".
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54
+029.49 -061.16 -0311.99 -0891.57-02355.42-06713.50
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77
-316.72 -333.60 -1213.34 -5732.46 -17038.80 -53507.42
-034.40 -038.82 -0141.96 -0753.12 -02087.62 -06380.34

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/18/2014: EOD stuff partially copied to the concentrator.
# Trds: 8, MinTrSz: 645, MaxTrSz: 35000, Vol: 85290, AvTrSz: 10661
Min. Pr: 0.1520, Max Pr: 0.1549, VW Avg. Tr. Pr: 0.1535
# Buys, Shares: 4 46290, VW Avg Buy Pr: 0.1545
# Sells, Shares: 4 39000, VW Avg Sell Pr: 0.1523
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1.19:1 (54.27% "buys"), DlyShts 45000 (52.76%), Dly Sht % of 'sells' 115.38%

The 160K offer at $0.17 was again present today, remaining in CDEL MM's hands.

VWAP continues to creep lower. Recent VWAPs oldest through today: $0.1594, $0.1549, $0.1545, $0.1553, $0.1560, $0.1540, $0.1517 and $0.1535. 5, 10 and 25-day VWAP averages are $0.1541, $0.1556 and $0.1617. Yesterday they were $0.1543, $0.1560 and $0.1612

Well, apparently yesterday's volume bump was a seller that really wanted out because the sell percentage was 78.6% on 376.83K and today sell percent was 45.7% on 85.29K.

As has been common, the high of the day is set early on very small trades. Today it was two trades of 645 shares each for $0.1549 at 09:33 and 09:36 respectively. The next lowest price of $0.1545 was set in trades of 35K and 5K at 11:26 just before Maya's 34K at 11:33.

Beginning with 6/11, the highs seemed not to have any tendency to challenge my descending resistance. Today, with the resistance looking like ~$0.155 (it's hard to read it now as chart markers overlap badly), our high challenged and the resistance held. However, with the low volume recently, but for yesterday, and with the low volume today specifically, I assign no weight to this event.

The oscillators I watch continued as with yesterday - mixed movements. Nothing to add other than low volume makes them all suspect anyway.

The interesting bid from ATDF of 300K at $0.15 that appeared yesterday and sat there for the whole day, when we had some higher volume (~376.8K) was nowhere to be found today. This lends some credence, in my mind anyway, to my speculation in a comment in the concentrator that it was there to provide a floor so that yesterday's seller(s) (78.6% sells vs. today's low-volume 45.7%) could more likely sell above $0.15.

Today's low, high, VWAP, trade volume, and daily short sales moved 1.27%, -1.02%, 1.18%, -77.37% and -24.19% respectively. Price spread today was 1.91% vs. 4.26%, 4.53%, 1.95%, 5.61%, 5.89%, 9.93%, 7.71%, 8.26% and 8.01% on prior days.

No trading breakdowns today.

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.
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%
06/18 $0.1535 +01.18% 54.3%

There were two larger trades - a buy of 35K for $0.1545 at 11:26 and a sell of 17K for $0.1520 at 11:33, part of Mayascribe's sell of 54K that he posted in the concentrator.

Regarding my newer inflection point calculations, yesterday's volume improvement prompted me to say we might be exiting a period of apparent just low-volume induced volatility. WRONG! Today volume tanked again and I attribute today's weakening in all periods as nothing more that typical low-volume "noise". I don't assign any weight to the movements.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54
+029.49 -061.16 -0311.99 -0891.57-02355.42-06713.50
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77
-316.72 -333.60 -1213.34 -5732.46 -17038.80 -53507.42

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/17/2014: EOD stuff partially copied to the concentrator.
# Trds: 44, MinTrSz: 14, MaxTrSz: 30000, Vol: 376829, AvTrSz: 8564
Min. Pr: 0.1501, Max Pr: 0.1565, VW Avg. Tr. Pr: 0.1517
# Buys, Shares: 11 80695, VW Avg Buy Pr: 0.1550
# Sells, Shares: 33 296134, VW Avg Sell Pr: 0.1508
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:3.67 (21.41% "buys"), DlyShts 59356 (15.75%), Dly Sht % of 'sells' 20.04%

We had two "market locks" today when the ask was lowered to match the bid. It then took a few minutes for the MMs to sort it out and get the trades done to unlock the market. The first occurred at 9:38 at $0.1501 when ARCA offered below the $0.1569 offer that was best at the time, and at 14:50 when ARCA again undercut the best offer, $0.1559, with a $0.1503 offer.

The 160K offer at $0.17 was present today, back into the CDEL MM's hands.

VWAP continues to creep lower. Recent VWAPs oldest through today: $0.1594, $0.1549, $0.1545, $0.1553, $0.1560, $0.1540 and $0.1517.

Yesterday I said "A small bump in volume today may not be big enough to signal anything, but it's enough to cause concern, especially with ...". Well, today volume returned and the results weren't pretty, as you can see with the above VWAP changes and still-low (but improving) buy percentage.

The high for the day was set by one buy of 2.347 shares for $0.1565 at 11:07. The next lower price, $0.1560, had a sell of 10K at 10:38 and a buy of 4,924 at 12:18. Some volume did appear at the next price down, $0.1559, as four trades moved 44.2K shares.

As has been the case beginning with 6/11, the highs continue to sink and seem not to have any tendency to challenge my descending resistance, currently looking like ~$0.1560.

Today the oscillators I watch continued with mixed movements - RSI and ADX related are flat, very small up-ticks for momentum, Williams %R (exited oversold) and full stochastic. MFI weakened. The lower Bollinger limit continued downward to $0.1464 now, as did the upper limit, down to $0.1764. The 50-day SMA is now at $0.1552 and our close, $0.1550, and VWAP, $0.1517, are both below it. The 50-day SMA will continue to fall about 6 more days if our price range stays where it is.

We had an interesting bid from ATDF of 300K (plus 7K more added later) at $0.15 that appeared at 9:38 and set there for the whole day. There were many opportunities where the ask was within a few hundredths of a penny that might have enticed a serious buyer. Since these opportunities had no effect, I'm thinking this was a "floor" to let sellers get shed of shares at a price >= $0.15 and not a serious intent to buy. Let's see how many more days this order appears and if it holds its ground as VWAP keeps reducing (I think!).

Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, -0.25%, -1.47%, 328.75% and 2192.62% respectively. Price spread today was 4.26% vs. 4.53%, 1.95%, 5.61%, 5.89%, 9.93%, 7.71%, 8.26%, 8.01% and 12.52% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:33-09:33: 000649 shrs, 00.17% of vol, VWAP $0.1540, 100.0% buys
09:36-09:47: 071065 shrs, 18.86% of vol, VWAP $0.1504, 000.0% buys
10:20-10:38: 027500 shrs, 07.30% of vol, VWAP $0.1531, 000.0% buys
11:07-12:18: 007346 shrs, 01.95% of vol, VWAP $0.1561, 100.0% buys
13:35-13:56: 077800 shrs, 20.65% of vol, VWAP $0.1503, 000.0% buys
14:32-14:46: 041000 shrs, 10.88% of vol, VWAP $0.1559, 100.0% buys
14:50-14:54: 073200 shrs, 19.43% of vol, VWAP $0.1503, 000.0% buys
14:57-15:18: 028200 shrs, 07.48% of vol, VWAP $0.1532, 011.3% buys
15:24-15:29: 035069 shrs, 09.31% of vol, VWAP $0.1521, 067.0% buys
15:52-15:55: 015000 shrs, 03.98% of vol, VWAP $0.1520, 033.3% buys

Here's a breakdown by arbitrary price range.
$0.1501-$0.1511: 253634 shrs, 67.31% of vol, VWAP $0.1504, 000.0% buys
$0.1520-$0.1525: 045000 shrs, 11.94% of vol, VWAP $0.1522, 044.4% buys
$0.1540-$0.1559: 060924 shrs, 16.17% of vol, VWAP $0.1557, 087.7% buys
$0.1560-$0.1565: 017271 shrs, 04.58% of vol, VWAP $0.1561, 042.1% 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.
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%
06/17 $0.1517 -01.47% 21.4%

The larger trades (>= 15K) occurred on 8 of the 44 trades, 18.18%. These 162,800 shares were 43.20% of day's volume, and traded at a VWAP of $0.1517. 2 of the larger trades, 25.00%, were buys of 50,000 shares, 30.71% of the larger trades volume, and traded at a VWAP of $0.1545. 6 of the larger trades, 75.00%, were sells of 112,800 shares, 69.29% of the larger trades volume, and traded at a VWAP of $0.1504.

The other 36 trades, 81.82% of the day's trades, traded 214,029 shares, 56.80% of the days volume. The VWAP was $0.1517. 9 trades, 25.00%, were buys and accounted for 30,695 shares, 14.34% of the smaller trade volume, and traded at a VWAP of $0.1557. 27 trades, 75.00%, were sells and accounted for 183,334 shares, 85.66% of the smaller trade volume, and traded at a VWAP of $0.1511.

Regarding my newer inflection point calculations, we might be exiting a period of apparent just low-volume induced volatility. If volume continues at an improved level we may be able to give some weight into any changes going forward.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54
+029.49 -061.16 -0311.99 -0891.57-02355.42-06713.50
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28
-070.20 -062.65 -0245.56 -1043.19 -02474.55 -07014.77

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/16/2014: EOD stuff partially copied to the concentrator.
# Trds: 16, MinTrSz: 100, MaxTrSz: 32600, Vol: 87890, AvTrSz: 5493
Min. Pr: 0.1501, Max Pr: 0.1569, VW Avg. Tr. Pr: 0.1540
# Buys, Shares: 4 3872, VW Avg Buy Pr: 0.1557
# Sells, Shares: 12 84018, VW Avg Sell Pr: 0.1539
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:21.70 (04.41% "buys"), DlyShts 2589 (02.95%), Dly Sht % of 'sells' 3.08%

VWAP continues to creep lower. The 5, 10, 25 and 50-day average VWAPS are all descending and now at $0.1549, $0.1576, $0.1607 and $0.1560 respectively. Recent VWAPs oldest through today: $0.1594, $0.1549, $0.1545, $0.1553, $0.1560 and $0.1540.

A small bump in volume today may not be big enough to signal anything, but it's enough to cause concern, especially with VWAP lower again, "sells" being ~95.5% of the volume and 75% of the trades (12/16). The two larger trades were sells too.

The low of the day, $0.1501, occurred on one sell of 2,589 shares at 9:30, the second trade of the day. The next higher price came on a 2,589 share sell for $0.1513 at 9:30, the first trade of the day.

Interesting is the fact that the daily short volume was 2,589 shares.

The high for the day was set by three buys for $0.1569 from 9:30 to 9:36. Trade sizes were 100, 636 and 636 respectively.

The 160K offer at $0.17 was not present today.

Today's low, high, VWAP, trade volume, and daily short sales moved -2.53%, -0.06%, -1.31%, 232.83% and -65.48% respectively. Price spread today was 4.53% vs. 1.95%, 5.61%, 5.89%, 9.93%, 7.71%, 8.26%, 8.01%, 12.52% and 4.81% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:30: 005178 shrs, 05.89% of vol, VWAP $0.1507, 000.0% buys
09:30-09:36: 001372 shrs, 01.56% of vol, VWAP $0.1569, 100.0% buys
09:39-10:04: 046099 shrs, 52.45% of vol, VWAP $0.1540, 000.0% buys
10:13-10:13: 007000 shrs, 07.96% of vol, VWAP $0.1514, 000.0% buys
11:19-13:53: 028241 shrs, 32.13% of vol, VWAP $0.1550, 008.9% buys

Here's a breakdown by arbitrary price range.
$0.1501-$0.1501: 002589 shrs, 02.95% of vol, VWAP $0.1501, 000.0% buys
$0.1513-$0.1514: 009589 shrs, 10.91% of vol, VWAP $0.1514, 000.0% buys
$0.1540-$0.1541: 046099 shrs, 52.45% of vol, VWAP $0.1540, 000.0% buys
$0.1550-$0.1550: 028241 shrs, 32.13% of vol, VWAP $0.1550, 008.9% buys
$0.1569-$0.1569: 001372 shrs, 01.56% of vol, VWAP $0.1569, 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.
05/30 $0.1640 -06.29% 06.8%
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%
06/16 $0.1540 -01.31% 04.4%

The larger trades (>= 15K) occurred on 2 of the 16 trades, 12.50%. These 52,236 shares were 59.43% of day's volume, and traded at a VWAP of $0.1544. All were sells. Trade sizes were 32.6K ($0.1540) and 19.636K ($0.1550).

The other 14 trades, 87.50% of the day's trades, traded 35,654 shares, 40.57% of the days volume. The VWAP was $0.1534. 4 trades, 28.57%, were buys and accounted for 3,872 shares, 10.86% of the smaller trade volume, and traded at a VWAP of $0.1557. 10 trades, 71.43%, were sells and accounted for 31,782 shares, 89.14% of the smaller trade volume, and traded at a VWAP of $0.1531.

Today the oscillators I watch had mixed movements - very small up-ticks for RSI, momentum, Williams %R and full stochastic. ADX related and MFI weakened. The lower Bollinger limit continued downward, as did the upper limit.

As has been the case beginning with 6/11, the highs continue to sink and seem not to have any tendency to challenge my descending resistance, currently looking like ~$0.1580.

Today's buy percentage plummeted to 4.41% from yesterday's 52.2%. The daily short sales moved to 2.95% from yesterday's 28.4%. In the next day or two, if any volume returns, the buy and daily short percentage should start moving towards normal levels. Sans some volume improvement, not as likely.

Regarding my newer inflection point calculations, we continue in a period of apparently just low-volume induced volatility. As mentioned, with low volume continuing, don't read much into any changes right now.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-114.79 -076.84 -0377.27 -1127.70 -02377.12 -06803.58
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54
+029.49 -061.16 -0311.99 -0891.57-02355.42-06713.50
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59
-049.25 -020.95 -0254.43 -0945.23 -02406.04 -06779.28

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/13/2014: EOD stuff partially copied to the concentrator.
# Trds: 11, MinTrSz: 396, MaxTrSz: 6200, Vol: 26407, AvTrSz: 2401
Min. Pr: 0.1540, Max Pr: 0.1570, VW Avg. Tr. Pr: 0.1560
# Buys, Shares: 7 13774, VW Avg Buy Pr: 0.1569
# Sells, Shares: 4 12633, VW Avg Sell Pr: 0.1550
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1.09:1 (52.16% "buys"), DlyShts 7500 (28.40%), Dly Sht % of 'sells' 59.37%

My overall take there is still no reason for optimism that we'll hold a higher, or even level, price near-term. Of course, with volume again in the dumps, all of this could change quite suddenly. I wouldn't be making any big decisions on any technical factors now.

The low of the day, $0.1540, occurred on one sell of 537 shares at 9:53. The next higher price came on a 396 share sell for $0.1541 10:38. That same price was on a 5.5K sell at 15:03.

The high for the day was set by a single 5K buy for $0.1570 at 11:56. Just below that were six sells at $0.1569 of 637(2) shares at 09:44/48, 2.5K(2) shares at 12:36/38, and 1,250(2) at 13:05/06.

The 160K offer at $0.17, this time from CSTI instead of CDEL, was present today.

Today's low, high, VWAP, trade volume, and daily short sales moved 1.65%, -1.88%, 0.44%, -44.21% and 500.00% respectively. Price spread today was 1.95% vs. 5.61%, 5.89%, 9.93%, 7.71%, 8.26%, 8.01%, 12.52%, 4.81% and 12.62% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:44-09:48: 001274 shrs, 04.82% of vol, VWAP $0.1569, 100.0% buys
09:53-10:38: 000933 shrs, 03.53% of vol, VWAP $0.1540, 000.0% buys
11:56-12:26: 011200 shrs, 42.41% of vol, VWAP $0.1564, 044.6% buys
12:36-13:06: 007500 shrs, 28.40% of vol, VWAP $0.1569, 100.0% buys
15:03-15:03: 005500 shrs, 20.83% of vol, VWAP $0.1541, 000.0% buys

Here's a breakdown by arbitrary price range.
$0.1540-$0.1541: 006433 shrs, 24.36% of vol, VWAP $0.1541, 000.0% buys
$0.1560-$0.1560: 006200 shrs, 23.48% of vol, VWAP $0.1560, 000.0% buys
$0.1569-$0.1569: 008774 shrs, 33.23% of vol, VWAP $0.1569, 100.0% buys
$0.1570-$0.1570: 005000 shrs, 18.93% of vol, VWAP $0.1570, 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.
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%
06/13 $0.1560 +00.44% 52.2%

There were no larger trades today.

VWAP continues to weaken its grip on the $0.16 range. From 5/28 forward: $0.1755, $0.1750, $0.1640, $0.1598, $0.1679, $0.1567, $0.1604, $0.1567, $0.1594, $0.1549, $0.1545 ($0.1541 if that single $0.1599 trade is removed), $0.1553 and $0.1560 today. Here are the 5-day and 10-day VWAP averages change since 5/28 and note that both are falling and the 5-day crossed below the 10-day, which is also descending. The five-day is below the 25-day and 50-day.
_5-day_ 10-day_
$0.1647 $0.1663
$0.1674 $0.1666
$0.1684 $0.1661
$0.1680 $0.1655
$0.1684 $0.1654
$0.1647 $0.1647
$0.1618 $0.1646
$0.1603 $0.1644
$0.1602 $0.1641
$0.1576 $0.1630
$0.1572 $0.1609
$0.1561 $0.1590
$0.1560 $0.1582

Today the oscillators I watch had very small up-ticks except momentum and ADX related. The lower Bollinger limit continued downward, as did the upper limit.

The highs continue to sink and seem not to have any tendency to challenge my descending resistance, currently looking like ~$0.16.

Today's buy percentage improved to 52.2%. The daily short sales moved to 28.4% from yesterday's 2.64%. On extremely low volume there is no significance to this.

Regarding my newer inflection point calculations, we have apparently entered a period of just low-volume induced volatility as we drop old higher-volume metrics out of the respective windows and insert new low-volume metrics. As mentioned, with low volume continuing, don't read much into any changes right now.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-064.47 -144.96 -0507.17 -1242.89 -02759.45 -07514.75
-103.93 -105.49 -0538.30 -1489.77 -03232.90 -08413.85
-114.79 -076.84 -0377.27 -1127.70 -02377.12 -06803.58
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54
+029.49 -061.16 -0311.99 -0891.57-02355.42-06713.50
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08
-005.36 -003.81 -0257.18 -0853.87 -02236.89 -06423.59

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/12/2014: EOD stuff partially copied to the concentrator.
# Trds: 10, MinTrSz: 625, MaxTrSz: 10000, Vol: 47330, AvTrSz: 4733
Min. Pr: 0.1515, Max Pr: 0.1600, VW Avg. Tr. Pr: 0.1553
# Buys, Shares: 4 8880, VW Avg Buy Pr: 0.1599
# Sells, Shares: 6 38450, VW Avg Sell Pr: 0.1543
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:4.33 (18.76% "buys"), DlyShts 1250 (02.64%), Dly Sht % of 'sells' 3.25%

My overall take is still no optimism that we'll hold a higher, or even level, price near-term. Same old reasons: low volume, falling VWAP, falling average trade size, negative traditional TA oscillators, the (artificial?) high again stopped dead almost right at my descending resistance (continuing the lower highs pattern), ...

The low of the day, $0.1515, occurred on one sell of 3,250 shares at 9:52. The next higher price came on a single 10K sell for $0.1540 at 13:25

The high for the day was $0.16 on two buys of 625 shares in the first seven minutes of trading. The next lower price appeared on two buys for $0.1599, one at 10:42 for 4.6K and one at 13:42 for 3K.

The 160K offer at $0.17 from CDEL was back today.

Today's low, high, VWAP, trade volume, and daily short sales moved 0.33%, 0.06%, 0.57%, -71.59% and -95.70% respectively. Price spread today was 5.61% vs. 5.89%, 9.93%, 7.71%, 8.26%, 8.01%, 12.52%, 4.81%, 12.62% and 15.03% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:34-09:37: 001250 shrs, 02.64% of vol, VWAP $0.1600, 100.0% buys
09:52-09:52: 003250 shrs, 06.87% of vol, VWAP $0.1515, 000.0% buys
10:42-10:42: 004630 shrs, 09.78% of vol, VWAP $0.1599, 100.0% buys
12:21-13:25: 029200 shrs, 61.69% of vol, VWAP $0.1547, 000.0% buys
13:42-13:42: 003000 shrs, 06.34% of vol, VWAP $0.1599, 100.0% buys
15:31-15:31: 006000 shrs, 12.68% of vol, VWAP $0.1540, 000.0% buys

Here's a breakdown by arbitrary price range.
$0.1515-$0.1515: 003250 shrs, 06.87% of vol, VWAP $0.1515, 000.0% buys
$0.1540-$0.1540: 016000 shrs, 33.81% of vol, VWAP $0.1540, 000.0% buys
$0.1550-$0.1550: 019200 shrs, 40.57% of vol, VWAP $0.1550, 000.0% buys
$0.1599-$0.1599: 007630 shrs, 16.12% of vol, VWAP $0.1599, 100.0% buys
$0.1600-$0.1600: 001250 shrs, 02.64% of vol, VWAP $0.1600, 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.
05/28 $0.1755 +05.79% 68.3%
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%
06/12 $0.1553 +00.57% 18.8%

There were no larger trades today.

VWAP continues to weaken its grip on the $0.16 range. From 5/28 forward: $0.1755, $0.1750, $0.1640, $0.1598, $0.1679, $0.1567, $0.1604, $0.1567, $0.1594, $0.1549, $0.1545 ($0.1541 if that single $0.1599 trade is removed) and $0.1553 today. Here are the 5-day and 10-day VWAP averages change since 5/28 and note that both are falling and the 5-day crossed below the 10-day, which is also descending. The five-day is below the 25-day and 50-day.
_5-day_ 10-day_
$0.1647 $0.1663
$0.1674 $0.1666
$0.1684 $0.1661
$0.1680 $0.1655
$0.1684 $0.1654
$0.1647 $0.1647
$0.1618 $0.1646
$0.1603 $0.1644
$0.1602 $0.1641
$0.1576 $0.1630
$0.1572 $0.1609
$0.1561 $0.1590

Today the oscillators I watch continued to weaken except RSI, Williams %R and MFI, all of which had a very small uptick. Full stochastic went further, again, into oversold. A hopeful sign yesterday disappeared today as the lower Bollinger limit started downward while the low price of the day only ticked up 5/100ths of a cent. The upper limit continues falling.

Today's buy percentage move up slightly to 18.8% from yesterday's 14.1% (8.61% if we remove that single 10K $0.1599 trade). The daily short sales continued dropping even further from yesterday's 17.45% to 2.64%. On extremely low volume there is no significance to this divergence from normal behavior though - it has been seen before with no effect on general behavior detected.

Regarding my newer inflection point calculations, we have apparently entered a period of just low-volume induced volatility as we drop old higher-volume metrics out of the respective windows and insert new low-volume metrics. As mentioned, with low volume continuing, don't read much into any changes right now.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
+078.59 +076.59 -0207.81 -0552.71 -01329.60 -05014.06
-064.47 -144.96 -0507.17 -1242.89 -02759.45 -07514.75
-103.93 -105.49 -0538.30 -1489.77 -03232.90 -08413.85
-114.79 -076.84 -0377.27 -1127.70 -02377.12 -06803.58
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54
+029.49 -061.16 -0311.99 -0891.57-02355.42-06713.50
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63
-006.01 -149.65 -0257.91 -0974.13 -02396.13 -06770.08

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/11/2014: EOD stuff partially copied to the concentrator.
# Trds: 24, MinTrSz: 50, MaxTrSz: 21700, Vol: 166574, AvTrSz: 6941
Min. Pr: 0.1510, Max Pr: 0.1599, VW Avg. Tr. Pr: 0.1545
# Buys, Shares: 7 23478, VW Avg Buy Pr: 0.1582
# Sells, Shares: 17 143096, VW Avg Sell Pr: 0.1538
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:6.09 (14.09% "buys"), DlyShts 29073 (17.45%), Dly Sht % of 'sells' 20.32%

Strangeness in the trading continues as we again have long gaps in trading and relatively little aggressiveness in offer movement until late in the day. The bids moved much more frequently. There also were sporadic relatively large jumps in the prices bid or offered. Later in the day NITE and ATDF were the most aggressive. Even then there was no heavy trading.

Maybe this isn't the strangeness, maybe it was the PIPErs trading that was strangeness and this might be the "new normal" until a catalyst appears. Let's hope not.

My overall take is still no optimism that we'll hold a higher, or even level, price near-term. Same old reasons: low volume, falling VWAP, falling average trade size, negative traditional TA oscillators, the (artificial?) high again stopped dead almost right at my descending resistance (continuing the lower highs pattern), ...

The low of the day, $0.1510, had good volume, 41.7K shares including one of 21.7K, and was near to other trading prices.

The high for the day was a single 10K trade at $0.1599 just before noon and was not within reach of other trading prices. The next lower price was 1.19% lower at $0.1580. Further, at the time of the trade the immediately prior trades went at $0.1511, $0.1510 and $0.1520. Subsequent trades didn't occur until 13:09 and went for $0.1575.

I didn't see the 160K offer that we've been watching.

Today's low, high, VWAP, trade volume, and daily short sales moved 0.67%, -3.03%, -0.26%, -3.16% and -37.75% respectively. Price spread today was 5.89% vs. 9.93%, 7.71%, 8.26%, 8.01%, 12.52%, 4.81%, 12.62%, 15.03% and 5.26% on prior days.

If we remove the high of $0.1599 and use $0.1580, our movements on the high becomes -4.18% rather than the -3.03 we have. Our spread becomes 4.64% instead of 5.89%. It was enough of the days volume that it would also move our VWAP down from $0.1545 to $0.1541, making the VWAP movement today -0.50% instead of -0.26%. Since the trade was a buy, it would drop buy percentage from the reported 14.1% to 8.61%.

Here's a trading breakdown by arbitrary time-frames. I shortened a couple periods to isolate a few exceptional trades.
09:30-09:56: 021290 shrs, 12.78% of vol, VWAP $0.1512, 003.0% buys
10:56-10:59: 030000 shrs, 18.01% of vol, VWAP $0.1580, 000.0% buys
11:50-11:51: 038700 shrs, 23.23% of vol, VWAP $0.1511, 005.2% buys
11:59-14:36: 030783 shrs, 18.48% of vol, VWAP $0.1585, 067.5% buys
15:11-15:36: 030301 shrs, 18.19% of vol, VWAP $0.1550, 000.2% buys
15:55-15:55: 015500 shrs, 09.31% of vol, VWAP $0.1515, 000.0% buys

Here's a breakdown by arbitrary price range.
$0.1510-$0.1515: 072200 shrs, 43.34% of vol, VWAP $0.1511, 000.0% buys
$0.1520-$0.1540: 002251 shrs, 01.35% of vol, VWAP $0.1522, 088.8% buys
$0.1550-$0.1560: 031340 shrs, 18.81% of vol, VWAP $0.1550, 002.2% buys
$0.1575-$0.1580: 050783 shrs, 30.49% of vol, VWAP $0.1579, 021.2% buys
$0.1599-$0.1599: 010000 shrs, 06.00% of vol, VWAP $0.1599, 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.
05/27 $0.1659 +02.52% 91.4%
05/28 $0.1755 +05.79% 68.3%
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%
06/11 $0.1545 -00.26% 14.1%

The larger trades (>= 15K) occurred on 3 of the 24 trades, 12.50%. These 53,150 shares were 31.91% of day's volume, and traded at a VWAP of $0.1523. All were sells. Trade sizes were 15.5K ($0.1515), 15.95K ($0.1550) and 21.7K ($0.1510).

The other 21 trades, 87.50% of the day's trades, traded 113,424 shares, 68.09% of the days volume. The VWAP was $0.1555. 7 trades, 33.33%, were buys and accounted for 23,478 shares, 20.70% of the smaller trade volume, and traded at a VWAP of $0.1582. 14 trades, 66.67%, were sells and accounted for 89,946 shares, 79.30% of the smaller trade volume, and traded at a VWAP of $0.1547.

The concerns expressed over the last three days seem to have been prescient. Along with the continued drop in VWAP today, the high continues to honor my descending resistance, currently around $0.161 or so, and the lows continue to challenge the support at $0.15 and volume remains tanked. Moreover ...

VWAP continues to weaken its grip on the $0.16 range. From 5/28 forward: $0.1755, $0.1750, $0.1640, $0.1598, $0.1679, $0.1567, $0.1604, $0.1567, $0.1594, $0.1549 and $0.1545 ($0.1541 if that single $0.1599 trade is removed) today. Here are the 5-day and 10-day VWAP averages change since 5/28 and note that both are falling and the 5-day crossed below the 10-day, which is also descending. The five-day has now crossed below the 25-day (crossed yesterday) and the 50-day (crossed today).
_5-day_ 10-day_
$0.1647 $0.1663
$0.1674 $0.1666
$0.1684 $0.1661
$0.1680 $0.1655
$0.1684 $0.1654
$0.1647 $0.1647
$0.1618 $0.1646
$0.1603 $0.1644
$0.1602 $0.1641
$0.1576 $0.1630
$0.1572 $0.1609

Today the oscillators I watch continued to weaken. Full stochastic went further, again, into oversold. A hopeful sign is that price is very near the rising lower Bollinger, currently reading $0.1496. The upper limit is falling and currently has a value of $0.1785, now below our known resistance at $0.18.

With today's buy percentage to 14.1% (8.61% if we remove that single 10K $0.1599 trade) from yesterday's 25.6% and 82.2% before that, the daily short sales continued as expected, dropping even further from yesterday's 27.15% to 17.45%. As I had mentioned, normally this leads to weakening price if the daily short percentage continues lower, which I suspected will be the case for a day or two.

Regarding my newer inflection point calculations, we have apparently entered a period of just low-volume induced volatility as we drop old higher-volume metrics out of the respective windows and insert new low-volume metrics. Today the readings reversed again, going from generally big down moves yesterday to five periods improving today. As mentioned, with low volume continuing, don't read much into it.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
+078.59 +076.59 -0207.81 -0552.71 -01329.60 -05014.06
-064.47 -144.96 -0507.17 -1242.89 -02759.45 -07514.75
-103.93 -105.49 -0538.30 -1489.77 -03232.90 -08413.85
-114.79 -076.84 -0377.27 -1127.70 -02377.12 -06803.58
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54
+029.49 -061.16 -0311.99 -0891.57-02355.42-06713.50
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95
-005.54 -150.66 -0328.36 -0985.12 -02518.98 -07026.63

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/10/2014: EOD stuff partially copied to the concentrator.
# Trds: 33, MinTrSz: 100, MaxTrSz: 15000, Vol: 172006, AvTrSz: 5212
Min. Pr: 0.1500, Max Pr: 0.1649, VW Avg. Tr. Pr: 0.1549
# Buys, Shares: 11 44056, VW Avg Buy Pr: 0.1592
# Sells, Shares: 22 127950, VW Avg Sell Pr: 0.1534
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:2.90 (25.61% "buys"), DlyShts 46706 (27.15%), Dly Sht % of 'sells' 36.50%

It was another strange trading day, but not as strange as yesterday. Check the trading breakdown by time and note several large gaps in the trading. We also had large periods again of little or not bid and ask movement and then a small-volume frenetic trading period 15:52-15:53.

The low and high for the day all make me suspect some fishing by the MMs to try and get some volume going.

The 160K offer that we've been watching, previously on CDEL and NITE, appeared on ETRF today at $0.17.

My overall take is still no optimism that we'll hold a higher, or even level, price near-term. Same old reasons: low volume, falling VWAP, falling average trade size, negative traditional TA oscillators, the (artificial?) high stopped dead at my descending resistance, continuing the lower highs pattern, ...

The high of the day was set from 9:31 to 09:40 with only three buys at $0.1649 for 100, 588 and 588 shares and later 2030 shares at $0.1649, also a buy. The next lower price, and it had volume, was at $0.1623 (three buys, two for 10K and one for 750 shares). The next lower price was down at $0.1560, so even the $0.1623 was sort of an "outlier".

The low of the day was set by a sell of 5K shares at 15:52:46 for $0.15, a price which was never presented to the market. Volume started to build at the next higher price, $0.1501.

Today's low, high, VWAP, trade volume, and daily short sales moved -2.02%, 0.00%, -2.81%, -42.43% and -77.82% respectively. Price spread today was 9.93% vs. 7.71%, 8.26%, 8.01%, 12.52%, 4.81%, 12.62%, 15.03%, 5.26% and 5.56% on prior days.

If we remove the low of $0.15 and use $0.1501 for the low and remove the high of $0.1649 and use $0.1623, our movements on the low and high become -1.96% and -1.58% and our spread becomes 8.13%.

Here's a trading breakdown by arbitrary time-frames. I shortened a couple periods to isolate a few exceptional trades. Note the 9:30 time-frame had only three buys at $0.1649 (the high of the day) for 100, 588 and 588 shares and two sells at $0.1560 for 300 and 100 shares. Similarly, the 11:01 period had buys of 750 shares at $0.1623 and 2030 shares at $0.1649, and a single sell of 250 shares at $0.1560.
09:30-09:40: 001676 shrs, 00.97% of vol, VWAP $0.1628, 076.1% buys
09:54-10:40: 045550 shrs, 26.48% of vol, VWAP $0.1552, 000.0% buys
11:01-11:43: 003030 shrs, 01.76% of vol, VWAP $0.1635, 091.7% buys
12:29-12:29: 025000 shrs, 14.53% of vol, VWAP $0.1551, 000.0% buys
12:41-12:47: 020000 shrs, 11.63% of vol, VWAP $0.1623, 100.0% buys
12:56-13:59: 030000 shrs, 17.44% of vol, VWAP $0.1550, 066.7% buys
15:52-15:53: 046750 shrs, 27.18% of vol, VWAP $0.1503, 000.0% buys

Here's a breakdown by arbitrary price range. Note there was only one trade, a sell, of 5K shares at 15:52:46 for $0.15, a price which was never presented to the market. Note the highs of the day were odd trades - all buys at $0.1649, 588 shares at 09:31:13 and 09:33:55, 100 shares at 09:40:05, and 2,030 shares at 11:01:10. The next lower price was $0.1623, two buys of 10K each and a 750 share buy. Then we drop down to $0.1560.
$0.1500-$0.1510: 046750 shrs, 27.18% of vol, VWAP $0.1503, 000.0% buys
$0.1550-$0.1560: 101200 shrs, 58.84% of vol, VWAP $0.1551, 019.8% buys
$0.1623-$0.1649: 024056 shrs, 13.99% of vol, VWAP $0.1627, 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.
05/23 $0.1618 +01.88% 72.4%
05/27 $0.1659 +02.52% 91.4%
05/28 $0.1755 +05.79% 68.3%
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%
06/10 $0.1549 -02.81% 25.6%

There was only one larger trade, a buy of 15K shares for $0.1550 at 12:56.

The concerns expressed over the last two days remain. The predominant one ATM is that volume remains low and VWAP continues to lose it's grip on the $0.16 area. I'm also thinking today falls into the pattern of weakness in the middle of the month after seeing some "strength" in the last week of the prior month and the first week of the current month. With the PIPErs supposedly out of ammo I can't say it will hold, but today didn't do anything to dispel that expectation.

VWAP continues to weaken its grip on the $0.16 range. From 5/28 forward: $0.1755, $0.1750, $0.1640, $0.1598, $0.1679, $0.1567, $0.1604, $0.1567, $0.1594 and $0.1549 today. The 5-day and 10-day VWAP averages change since 5/28 and note that both are falling and the 5-day crossed below the 10-day, which is also descending.
_5-day_ 10-day_
$0.1647 $0.1663
$0.1674 $0.1666
$0.1684 $0.1661
$0.1680 $0.1655
$0.1684 $0.1654
$0.1647 $0.1647
$0.1618 $0.1646
$0.1603 $0.1644
$0.1602 $0.1641
$0.1576 $0.1630

Today the oscillators I watch switched from all are weakening, except RSI, momentum and Williams %R, to all weakening now and all below neutral. Full stochastic entered oversold today and Williams %R went deeper there today. That latter one still offers some hope, but without some kind of support I don't expect much push up from it and maybe not even stability in pps. This dim view is increased by what I see on my non-traditional stuff below.

With today's buy percentage to 25.6% from yesterday's 82.2%, the daily short sales continued as expected, dropping to 27.15% from yesterday's near-outrageous 70.48%. Normally this leads to weakening price if the daily short percentage continues lower, which I suspect will be the case for a day or two.

Regarding my newer inflection point calculations, we had several days of switching to a more optimistic attitude but I ended with "But we had a flat volume, still on the low side, so I wouldn't read much into this". Well, it's a good thing I didn't because all but the five-day period made BIG reversals today.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
+082.46 +068.93 -0152.23 -0420.62 -01055.40 -04502.46
+078.59 +076.59 -0207.81 -0552.71 -01329.60 -05014.06
-064.47 -144.96 -0507.17 -1242.89 -02759.45 -07514.75
-103.93 -105.49 -0538.30 -1489.77 -03232.90 -08413.85
-114.79 -076.84 -0377.27 -1127.70 -02377.12 -06803.58
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54
+029.49 -061.16 -0311.99 -0891.57-02355.42-06713.50
+067.80 -639.10 -1999.79 -5603.32 -18175.05 -54058.95

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/09/2014: EOD stuff partially copied to the concentrator.
# Trds: 33, MinTrSz: 7, MaxTrSz: 99800, Vol: 298780, AvTrSz: 9054
Min. Pr: 0.1531, Max Pr: 0.1649, VW Avg. Tr. Pr: 0.1594
# Buys, Shares: 22 245460, VW Avg Buy Pr: 0.1598
# Sells, Shares: 11 53320, VW Avg Sell Pr: 0.1574
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 4.60:1 (82.15% "buys"), DlyShts 210580 (70.48%), Dly Sht % of 'sells' 394.94%

It was a strange trading day. Through 13:09 we had only 19 trades totaling 122,000 shares with a VWAP of $0.1592 and a buy percentage of 11.95%. This was accompanied by very little movement in the bids and asks. We then had 2.5 hours of no trades and only two changes in the ask and one in the bid. At 15:29 the sun must have set because it seems all the zombies and vampires arose in mass and by the close, 30 minutes, we traded 176,780 shares at a VWAP of $0.1595 and buy percentage of 87.09%. This was 59.17% of day's volume in 30 minutes! Do keep in mind this included the day's three larger trades totaling 155,780 shares and all were buys.

The bid and ask changes came fast and furious too - I couldn't track all of them 100%. I did catch twelve changes in the offers, but couldn't catch the MM on some, and seven bid changes, but there were many more both from trades uncovering lower bids and new bids being injected into the queue at better prices. Ditto on the offers.

Today's low, high, VWAP, trade volume, and daily short sales moved 2.00%, 1.48%, 1.69%, -6.05% and 73.31% respectively. Price spread today was 7.71% vs. 8.26%, 8.01%, 12.52%, 4.81%, 12.62%, 15.03%, 5.26%, 5.56% and 3.49% on prior days.

The day's highest price occurred on one trade of 10K at $0.1649, a buy, at 15:44 during the late-day crazy trading described above. The next price down, $0.1610, occurred on two 10K trades at 12:18, both sells. Then $0.16 on six trades, three of which were the day's only larger trades, detailed below, and three more totaling 8K.

The low of the day, $0.1531, came on four trades, 1K, 4K, 0.5K and 2K spread from 11:51 to 13:09. The next price up, $0.1550 and higher had plenty of trades and some volume.

Here's a trading breakdown by arbitrary time-frames.
09:40-09:46: 000500 shrs, 00.17% of vol, VWAP $0.1550, 100.0% buys
10:07-12:07: 012000 shrs, 04.02% of vol, VWAP $0.1548, 091.7% buys
12:08-12:34: 103000 shrs, 34.47% of vol, VWAP $0.1601, 077.7% buys
12:44-13:09: 006500 shrs, 02.18% of vol, VWAP $0.1531, 000.0% buys
15:29-15:44: 137780 shrs, 46.11% of vol, VWAP $0.1603, 099.3% buys
15:53-15:59: 039000 shrs, 13.05% of vol, VWAP $0.1566, 044.1% buys

Here's a breakdown by arbitrary price range.
$0.1531-$0.1531: 007500 shrs, 02.51% of vol, VWAP $0.1531, 000.0% buys
$0.1550-$0.1599: 097500 shrs, 32.63% of vol, VWAP $0.1578, 073.5% buys
$0.1600-$0.1649: 193780 shrs, 64.86% of vol, VWAP $0.1604, 089.7% 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.
05/22 $0.1588 -01.72% 38.2%
05/23 $0.1618 +01.88% 72.4%
05/27 $0.1659 +02.52% 91.4%
05/28 $0.1755 +05.79% 68.3%
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%
06/09 $0.1594 +01.69% 82.2%

The larger trades (>= 15K) occurred on 3 of the 33 trades, 9.09%. These 155,780 shares were 52.14% of day's volume, and traded at a VWAP of $0.1600. All were buys. All traded at $0.16. All traded 15:34 - 15:40. Trade sizes were 15,980, 40K and 99.8K.

The other 30 trades, 90.91% of the day's trades, traded 143,000 shares, 47.86% of the days volume. The VWAP was $0.1587. 19 trades, 63.33%, were buys and accounted for 89,680 shares, 62.71% of the smaller trade volume, and traded at a VWAP of $0.1594. 11 trades, 36.67%, were sells and accounted for 53,320 shares, 37.29% of the smaller trade volume, and traded at a VWAP of $0.1574.

The concerns expressed yesterday remain, as today:
- I didn't see any evidence of the "fishing" by MMs to lure buyers today, suggesting to me that upward price pressure will diminish;
- volume remains low and deteriorated today, minimally;
- our highs continue trending lower and topped today ~$0.0025 above my descending resistance (thanks to the crazy trading?), which drops ~$0.002/day, and closed below it at $0.1600;
- the VWAP improvement of $0.0027 today, only thanks to the larger trades, wasn't sufficient to make me believe the trend lower is ending - I still think it's losing its grip on $0.16 (see below);
- the MMs may have started to revert to the tactic of dropping price to get a little volume as very little change and little bid or offer increase was really seen until the late-day craziness;
- price spreads, which were fairly wide but have narrowed the last few days continues the trend. Spreads since 5/30 were 15.03%, 12.62%, 4.81%, 12.52%, 8.01%, 8.26% and 7.71% today.

Added to the list is today starts the second week of the month. Our prior long-established pattern is to have weakness in the middle of the month after seeing some "strength" in the last week of the prior month and the first week of the current month. With the PIPErs supposedly out of ammo I can't say it will hold, but I wait to see.

VWAP, which had shown a strong tendency to vacillate around the $0.16 area looked to be losing its grip on that range yesterday. From 5/28 forward: $0.1755, $0.1750, $0.1640, $0.1598, $0.1679, $0.1567, $0.1604, $0.1567 and $0.1594 today. For clarity, look at the 5-day and 10-day VWAP averages change since 5/28 and note that both are falling and the 5-day crossed below the 10-day.
_5-day_ 10-day_
$0.1647 $0.1663
$0.1674 $0.1666
$0.1684 $0.1661
$0.1680 $0.1655
$0.1684 $0.1654
$0.1647 $0.1647
$0.1618 $0.1646
$0.1603 $0.1644
$0.1602 $0.1641

The oscillators I watch are all weakening, except RSI, momentum and Williams %R, both of which had a small improvement today, and all below neutral.

Yesterday, Friday, the recently-seen offer of 160K at $0.169 from CDEL/NITE was absent. Today it was back.

With today's 82.2% buy percentage, the daily short sales performed as expected, hitting a near-outrageous 70.48%.

Regarding my newer inflection point calculations, two days ago switched small changes split three improving and three still weakening - the first signs of breaking the down trend. Yesterday followed through with all periods improved, some with large moves, and even had the five-day period going slightly positive. Today continues the trend with all periods showing improvement a second consecutive day. But we had a flat volume, still on the low side, so I wouldn't read much into this.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
+082.46 +068.93 -0152.23 -0420.62 -01055.40 -04502.46
+078.59 +076.59 -0207.81 -0552.71 -01329.60 -05014.06
-064.47 -144.96 -0507.17 -1242.89 -02759.45 -07514.75
-103.93 -105.49 -0538.30 -1489.77 -03232.90 -08413.85
-114.79 -076.84 -0377.27 -1127.70 -02377.12 -06803.58
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54
+029.49 -061.16 -0311.99 -0891.57 -02355.42 -06713.50

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/06/2014: EOD stuff partially copied to the concentrator.
# Trds: 44, MinTrSz: 100, MaxTrSz: 85000, Vol: 318025, AvTrSz: 7228
Min. Pr: 0.1501, Max Pr: 0.1625, VW Avg. Tr. Pr: 0.1567
# Buys, Shares: 20 163025, VW Avg Buy Pr: 0.1592
# Sells, Shares: 22 121000, VW Avg Sell Pr: 0.1535
# Unkn, Shares: 2 34000, VW Avg Unk. Pr: 0.1561
Buy:Sell 1.35:1 (51.26% "buys"), DlyShts 121500 (38.20%), Dly Sht % of 'sells' 100.41%

There was one after-market trade of 2.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 315,525 to 318,025 and would lower the short percentage from 38.51% to 38.20%. If the shares are also added to the short sales, the short volume moves from 121,500 to 124,000 and the short percentage would be 38.99%.

Today's low, high, VWAP, trade volume, and daily short sales moved -2.21%, -1.99%, -2.27%, 35.49% and 43.96% respectively. Price spread today was 8.26% vs. 8.01%, 12.52%, 4.81%, 12.62%, 15.03%, 5.26%, 5.56%, 3.49% and 5.77% on prior days.

The day's highest prices occurred on the first four trades of the day: $0.1625 for 1.5K, 1K, 100 shares and 1K. All were "buys" and occurred from 9:30 through 9:37.

The low of the day, $0.1501, came on two trades, one at 11:21 for 1,500 and one at 14:25 for 3,150 shares. Trades just before the 11:21 trade were $0.1550-$0.1561, several, and after were $0.1502 and $0.1502, one each. The trades just before the 14:25 trade were $0.1509-$0.1510, several, and after was one for $0.1550 and subsequently higher.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:37: 003600 shrs, 01.13% of vol, VWAP $0.1625, 100.0% buys
10:22-10:30: 028125 shrs, 08.84% of vol, VWAP $0.1599, 068.0% buys
10:55-10:55: 100000 shrs, 31.44% of vol, VWAP $0.1600, 100.0% buys
11:21-12:00: 043750 shrs, 13.76% of vol, VWAP $0.1554, 035.7% buys
12:32-13:14: 021200 shrs, 06.67% of vol, VWAP $0.1588, 049.5% buys
13:56-14:25: 073600 shrs, 23.14% of vol, VWAP $0.1516, 000.6% buys
14:59-16:03: 047750 shrs, 15.01% of vol, VWAP $0.1558, 028.8% buys

Here's a breakdown by arbitrary price range.
$0.1501-$0.1523: 083700 shrs, 26.32% of vol, VWAP $0.1515, 000.5% buys
$0.1530-$0.1530: 008850 shrs, 02.78% of vol, VWAP $0.1530, 097.2% buys
$0.1550-$0.1570: 066000 shrs, 20.75% of vol, VWAP $0.1562, 020.5% buys
$0.1580-$0.1599: 057750 shrs, 18.16% of vol, VWAP $0.1595, 067.1% buys
$0.1600-$0.1600: 098125 shrs, 30.85% of vol, VWAP $0.1600, 100.0% buys
$0.1625-$0.1625: 003600 shrs, 01.13% of vol, VWAP $0.1625, 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.
05/21 $0.1616 -01.18% 42.7%
05/22 $0.1588 -01.72% 38.2%
05/23 $0.1618 +01.88% 72.4%
05/27 $0.1659 +02.52% 91.4%
05/28 $0.1755 +05.79% 68.3%
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%
06/06 $0.1567 -02.27% 53.1%

The larger trades (>= 15K) occurred on 3 of the 44 trades, 6.82%. These 129,000 shares were 40.56% of day's volume, and traded at a VWAP of $0.1593. 2 of the larger trades, 66.67%, were buys of 100,000 shares, 77.52% of the larger trades volume, and traded at a VWAP of $0.1600. 1 of the larger trades, 33.33%, was a sell of 29,000 shares, 22.48% of the larger trades volume, and traded at a VWAP of $0.1570.

The other 41 trades, 93.18% of the day's trades, traded 189,025 shares, 59.44% of the days volume. The VWAP was $0.1550. 18 trades, 43.90%, were buys and accounted for 63,025 shares, 33.34% of the smaller trade volume, and traded at a VWAP of $0.1580. 23 trades, 56.10%, were sells and accounted for 126,000 shares, 66.66% of the smaller trade volume, and traded at a VWAP of $0.1534.

A summary of concerns drawn from the following is that I'm increasingly concerned that without a near-term catalyst the pressure is increasing to trade below the support at $0.15. This can all change in a heartbeat, catalyst or not of course, but right now there's few positive suggestions appearing.

I didn't see any evidence of the "fishing" by MMs to lure buyers today - only one trade of 100 shares and 6 others ranging from 250 to 700 shares in size with half sells and half buys. These were scattered throughout the day and looked like normal MM trade activity to me. This lack of fishing suggest that upward price pressure will diminish.

Volume remains low, but continued to improve, up another 35.5% today. If we get another day of improved volume, maybe we can consider a trend is underway. At ~318K, today's volume got into range of the 10-day average of 315K yesterday - 289K now. The 25, 50 and 100-day averages, in thousands are 476, 793 and 1152.

Unfortunately, as the volume continues to improve our highs continue trending lower, as does the VWAP, while the lows remain "flattish". This fits with two concerns expressed previously.

The most immediate is that the MMs may have started to revert to the tactic of dropping price to get a little volume so they can make some money. The MMs can really only accomplish this when volume is low. When it's high due to pressure one way or the other from traders and investors, they just have to "go with the flow" and work with the trends that result. They are capable of making money easily in such an environment.

See the bid and ask movement discussion below that cause me to think the MMs may be reverting to the tactic of lowering the trading range. This thought is also supported by the VWAP behavior.

VWAP had shown a strong tendency to vacillate around the $0.16 area. But the recent trend is not good and it looks to be losing its grip on that range. From 5/28 forward: $0.1755, $0.1750, $0.1640, $0.1598, $0.1679, $0.1567, $0.1604 and $0.1567. For clarity, look at the 5-day and 10-day VWAP averages change since 5/28 and note that both are falling and the 5-day crossed below the 10-day.
_5-day_ 10-day_
$0.1647 $0.1663
$0.1674 $0.1666
$0.1684 $0.1661
$0.1680 $0.1655
$0.1684 $0.1654
$0.1647 $0.1647
$0.1618 $0.1646
$0.1603 $0.1644

The longer-term concern was what I expressed some time back, that the $0.15 support didn't seem as stout as the $0.18 resistance. Three of the last six days have lows that "touched" the support. Beginning with 5/30: $0.1530, $0.1506, $0.1622, $0.1510, $0.1535 and $0.1501. As the highs continue to drop, downward pressure on the lows should increase as the MMs need a "spread" to garner their profit. With the retail investors seemingly "on hold" for now, the only real movement should be generated by the MMs.

The price spreads were fairly wide but have narrowed the last two days. This should motivate the MMs to move the price. Spreads since 5/30 were 15.03%, 12.62%, 4.81%, 12.52%, 8.01% and 8.26%. At current prices those last two spreads may be insufficient for the MMs to make money.

Recently, ATDF (as always) and NITE have been most aggressive on both the bid and ask sides. CDEL, ETRF and CSTI occasionally make "one-shot" moves, but I think those are more likely retail moves rather than MM moves.

That's with some volume returning, albeit still really low. I think now we may be in a position to consider what seems likely "next". All the above, IMO, suggests moving below $0.15, sans a near-term catalyst. Maybe a look at traditional TA oscillators can support or controvert that conclusion.

The oscillators I watch are all weakening and all below neutral. Williams %R just entered oversold, which could be a bright spot since traditional TA looks for oversold conditions to suggest reversal is near. If volume was remaining low or falling, rather than increasing, maybe I could agree. But not for now.

However, the last three occurrences (4/16, 5/1 and 5/6) of Williams %R entering oversold (first was in the middle of the down leg from the $0.20 high of 4/3), price did stabilize, after a price decline that blew right through $0.15 on a volume increase in the first case (4/14-4/17 with %R then continuing to near max-oversold). The next two cases we were already below $0.15 and remained so until that 5/14 "pop" to $0.1891 (due to the faux Kia catalyst?) on 5/14 with a move to a high of $0.1891 on ~1.85MM shares volume.

We have since trended lower.

The other oscillators are not near extremes, so they add little to the deductions we might make. Nothing else on the traditional TA chart seems to support a near-term possible positive outcome though. These oscillators are generally weakening, the price is generally mid-point of the Bollingers (IOW, no suggestion of a move up or down seeming likely), ...

In the non-traditional arena the bid and ask action seems to also suggest less likely upward movement.

After four days of seeing MM's walk the bid up as they leapfrogged each other, the pattern finally broke and we saw only brief periods of that activity and a much stronger pattern of normal mixed up and down bid movements. From the open through 10:56 there were only six bid moves that I saw and they were mixed up and down. At 11:21 we got some activity beginning with three lowered bids and then eight raised bids through 11:54, a small step down at 11:59 and then eight more raised bids through 13:04. The high bid got up to $0.158 at that time. From then through the rest of the day it was a more typical mix of up and down mostly staying in the $0.151-$0.152 range with a few excursions late in the day to the $0.1501 bids that CDEL and BNCH had waiting in the background.

It was almost all ATDF and a little NITE through 10:30. Then CDEL joined in and as bid levels dropped, when "sells" began to predominate, the bids began to drop back exposing the lower bids from CDEL and BNCH. Above those levels ATDF was still dominant and NITE was the primary competitor.

So bid behavior is not suggesting an upward move as the walking of the bids up trend seems to be gone.

On the other side, we had a third consecutive day of pressure, but a bit lessened, on the sell side as the offers made six consecutive steps lower, going from the opening $0.1625 to $0.1599 by 10:19. Offers stabilized in that general area, ~$0.1597-$0.1600, excepting a single $0.153 offer at 11:59 which was immediately snapped up in three "buys", until 13:14 when a $0.158 offer began slow drift lower, getting the offer down to $0.155 at 14:49. However the offers tended, for the most part, to remain in the $0.159 area through this period and the moves were a reasonable mix of increases and decreases as various trades uncovered higher offers.

This action does not suggest, to me, an upward movement might be in the offing, although early signs from the ask behavior offers the possibility a reduction of downward pressure on the sell side may be coming.

On a positive note, the recently-seen offer of 160K at $0.169 from CDEL/NITE was absent today. With the last two days buy percentage around 50%, maybe they got taken out (at a lower price?0. Speaking of the buy percentages ...

My 10 and 25-day average buy percentages have climbed up into neutral ranges from the low values seen mid-May. But I can't give them weight because the 10 and 25-day average trade sizes have been dropping dramatically. This latter metric, combined with low number of trades and low volume, suggests that the buy percentage improvement is a weak indicator for now. If you look at the charts you'll see what I mean.

As usual with the increase in buy percentage, the daily short sales percentage also increased, as it should. I said yesterday that with the small volume improvement we need to be careful here though because it could be that the leg down [in daily short percentage] completed and we might be transitioning to a sideways range. Today adds to that possibility. If that's what's happening it does reduce the likelihood of lower price. But this is not a primary driver of the trend overall so we can't really do more than conclude that short percentage is not adding to the suggestion of downward price movement.

Regarding my newer inflection point calculations, yesterday switched from big negative moves to small changes split three improving and three still weakening. Today the early suggestion of improvement follows through with all periods improved, some with large moves, and even has the five-day period going slightly positive. This matches my original version's behavior too - all improved and the five-day makes a positive number. At the current levels though I think this is just an artifact of the range in buy:sell and other stuff being a bit stable at higher levels than previously seen.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
+043.36 -027.57 -0263.59 -0756.84 -02058.02 -06301.70
+082.46 +068.93 -0152.23 -0420.62 -01055.40 -04502.46
+078.59 +076.59 -0207.81 -0552.71 -01329.60 -05014.06
-064.47 -144.96 -0507.17 -1242.89 -02759.45 -07514.75
-103.93 -105.49 -0538.30 -1489.77 -03232.90 -08413.85
-114.79 -076.84 -0377.27 -1127.70 -02377.12 -06803.58
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19
+003.00 -065.29 -0352.37 -1210.44 -02808.94 -07553.54

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/05/2014: EOD stuff partially copied to the concentrator.
# Trds: 32, MinTrSz: 25, MaxTrSz: 32000, Vol: 234725, AvTrSz: 7335
Min. Pr: 0.1535, Max Pr: 0.1658, VW Avg. Tr. Pr: 0.1604
# Buys, Shares: 20 110600, VW Avg Buy Pr: 0.1621
# Sells, Shares: 12 124125, VW Avg Sell Pr: 0.1588
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:1.12 (47.12% "buys"), DlyShts 84400 (35.96%), Dly Sht % of 'sells' 68.00%

The day's lowest prices occurred on the two largest trades of the day: $0.1535 for 20K and $0.1538 for 32K. Both were "sells" and occurred at 11:56 and 12:41 respectively.

The high of the day came on two trades at 15:15 for 9,925 and 10K shares for $0.1658. Trades just before were $0.1650, several, and also came at 15:12 so the highs were not "outliers".

The "fishing" by MMs to lure buyers was mostly absent today - only two trades of 100 shares, and one of them was two odd-lot (25 and 75 shares) trades.

Volume remains low, but better than recently, hitting 234.7K today, up 167.19% from yesterday. It was marginally enough for me consider doing some deeper analysis until I considered that it was just one more little "bump up" and not yet indicative of any trend of "decent" volume. For some context, the 10, 25, 50 and 100-day averages are 315K, 587K, 815K and 1.158K respectively. If we get something nearing the 10-day average over a few days it might be worthwhile. Until then I don't give much weight to any of the traditional or non-traditional TA stuff.

The only traditional TA thing I do want to note is that our highs have been trending lower as the lows remain "flattish". This fits with my concern, mentioned below, that the MMs may have started to revert to the tactic of dropping price to get a little volume so they can make some money.

Continuing the recent behavior, four of the last five days have seen very wide price spreads and forays into the $0.15xx area. Lows 5/30-6/5: $0.1530, $0.1506, $0.1622, $0.1510 and $0.1535. However VWAP has vacillated around the $0.16 area: $0.1640, $0.1598, $0.1679, $0.1567 and $0.1604.

Again, all of this gives no help on taking a guess at what's next. Could remain in the $0.15-$0,18 range or decide to move one way or the other. The low volume exacerbates the situation.

We had another day, the fourth, of seeing MM's walk the bid up as they leapfrogged each other. After a drop from a bid of $0.16 at 9:31 dropped to $0.1512 at 10:07, we had 19 consecutive bid increases up to $0.1602 at 14:07 before seeing a break with a drop to $0.16 at 14:29. At 15:12 we hit a bid of $0.165 as CANT showed up. The next three bids settled in at $0.1602-$0.161.

It was all ATDF and NITE through 12:32 and then ETRF and CDEL jumped in for a couple hikes.

On the other side, we had a second day of greater pressure on the sell side as the offers made 10 consecutive steps lower, going from $0.1643 to $0.1599 from 9:31 to 12:02 before getting a normal behavior underway with mixed increases and decreases in the offer price. The following trend was generally up, especially as the buyers began to step up, and we saw offers up as high as $0.169, albeit briefly, before settling in during the last 45 minutes or so at the $0.1625-$0.1650 range.

Yesterday I had mentioned "... I suspect the MMs are beginning to abandon the attempts to get any volume with increasing price, and are beginning to gravitate to the old tried and true increase volume by lowering price". I still consider that if this is case, the $0.15 support, which I mentioned previously didn't look as robust as the $0.18 resistance, is at risk.

However, the VWAP continues to have an affinity for the $0.16xx price range.

The recently-seen offer of 160K at $0.169 from CDEL was present again today. At current volumes, this likely caps the upside in price. If volume comes back to more normal levels, this won't present much impediment to moving a bit higher, maybe even to the $0.18 resistance. But there are no signs yet that a push up is imminent.

Today's low, high, VWAP, trade volume, and daily short sales moved 1.66%, -2.41%, 2.31%, 167.19% and 529.85% respectively. Price spread today was 8.01% vs. 12.52%, 4.81%, 12.62%, 15.03%, 5.26%, 5.56%, 3.49%, 5.77% and 5.17% on prior days.

As mentioned yesterday, when buy percentage retreated to 30.1%, I think today's 47.1% buy percentage is continuing to reflect closer to true sentiment. But this is still with low volume so no confidence can be had about that. It probably reflects MM actions more than "sentiment" of investors.

With the increase in buy percentage the daily short sales percentage also increased, as it should, and continued the choppy "leg down" we've been expecting to play out. With the small volume improvement we need to be careful here though. It could be that the leg down completed and we might be transitioning to a sideways range. We'll just have to wait and see.

Regarding my newer inflection point calculations, yesterday had big negative moves. Today all the changes are small and split three improving and three still weakening. Although volume improved today, it's still low volume and I would be cautious about any conclusions here.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
+009.29 -140.06 -0398.10 -0933.55 -02615.14 -07265.81
+043.36 -027.57 -0263.59 -0756.84 -02058.02 -06301.70
+082.46 +068.93 -0152.23 -0420.62 -01055.40 -04502.46
+078.59 +076.59 -0207.81 -0552.71 -01329.60 -05014.06
-064.47 -144.96 -0507.17 -1242.89 -02759.45 -07514.75
-103.93 -105.49 -0538.30 -1489.77 -03232.90 -08413.85
-114.79 -076.84 -0377.27 -1127.70 -02377.12 -06803.58
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56
-860.99 -493.88 -2363.34 -7037.00 -19683.81 -55718.19

The larger trades (>= 15K) occurred on 4 of the 32 trades, 12.50%. These 84,000 shares were 35.79% of day's volume, and traded at a VWAP of $0.1561. 1 of the larger trades, 25.00%, was a buy of 17,000 shares, 20.24% of the larger trades volume, and traded at a VWAP of $0.1600. 3 of the larger trades, 75.00%, were sells of 67,000 shares, 79.76% of the larger trades volume, and traded at a VWAP of $0.1551.

The other 28 trades, 87.50% of the day's trades, traded 150,725 shares, 64.21% of the days volume. The VWAP was $0.1627. 19 trades, 67.86%, were buys and accounted for 93,600 shares, 62.10% of the smaller trade volume, and traded at a VWAP of $0.1625. 9 trades, 32.14%, were sells and accounted for 57,125 shares, 37.90% of the smaller trade volume, and traded at a VWAP of $0.1631.

Here's a trading breakdown by arbitrary time-frames.
09:35-09:48: 002200 shrs, 00.94% of vol, VWAP $0.1643, 100.0% buys
10:07-11:03: 008000 shrs, 03.41% of vol, VWAP $0.1600, 037.5% buys
11:56-12:41: 052000 shrs, 22.15% of vol, VWAP $0.1537, 000.0% buys
13:02-14:13: 066100 shrs, 28.16% of vol, VWAP $0.1601, 062.2% buys
15:09-15:11: 034300 shrs, 14.61% of vol, VWAP $0.1637, 100.0% buys
15:12-15:12: 040925 shrs, 17.44% of vol, VWAP $0.1650, 036.7% buys
15:22-15:23: 016200 shrs, 06.90% of vol, VWAP $0.1617, 000.0% buys
15:56-15:59: 015000 shrs, 06.39% of vol, VWAP $0.1625, 100.0% buys

Here's a breakdown by arbitrary price range.
$0.1535-$0.1538: 052000 shrs, 22.15% of vol, VWAP $0.1537, 000.0% buys
$0.1600-$0.1625: 100300 shrs, 42.73% of vol, VWAP $0.1605, 058.9% buys
$0.1637-$0.1643: 051500 shrs, 21.94% of vol, VWAP $0.1638, 100.0% buys
$0.1650-$0.1650: 011000 shrs, 04.69% of vol, VWAP $0.1650, 000.0% buys
$0.1658-$0.1658: 019925 shrs, 08.49% of vol, VWAP $0.1658, 000.0% 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.
05/20 $0.1635 -02.97% 49.5%
05/21 $0.1616 -01.18% 42.7%
05/22 $0.1588 -01.72% 38.2%
05/23 $0.1618 +01.88% 72.4%
05/27 $0.1659 +02.52% 91.4%
05/28 $0.1755 +05.79% 68.3%
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%
06/05 $0.1604 +02.31% 47.1%

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/04/2014: EOD stuff partially copied to the concentrator.
# Trds: 17, MinTrSz: 100, MaxTrSz: 20000, Vol: 87850, AvTrSz: 5168
Min. Pr: 0.1510, Max Pr: 0.1699, VW Avg. Tr. Pr: 0.1567
# Buys, Shares: 10 26450, VW Avg Buy Pr: 0.1650
# Sells, Shares: 7 61400, VW Avg Sell Pr: 0.1532
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:2.32 (30.11% "buys"), DlyShts 13400 (15.25%), Dly Sht % of 'sells' 21.82%

The only five trades above $0.1645 contained three trades of 100 shares, two at $0.1699 and one at $0.1698. This occurred after an opening trade buy of 6K at $0.1699. The 100 share trades occurred from 9:47 to 10:17. At 10:12 a 1K trade at $0.1698 went off. From 10:32 on the range was $0.1510 to $0.1645. The day's highest-priced trades were those five I detailed.

Relative to the number of trades and volume, the "fishing" by MMs to lure buyers was again "heavier" today than before. Four of seventeen trades were 100 shares, three for $0.1698 and one at $0.1620. All were buys.

Volume remains very low, even lower from yesterday, -13.92%. Under these conditions all metrics are of marginal use at best. Again I'll forgo most of my usual examinations.

Three of the last for days have seen very wide price spreads and forays into the $0.15xx area. 5/30-64: $0.1530, $0.1506, $0.1622 and $0.1510. However VWAP has vacillated around the $0.16 area: $0.1640, $0.1598, $0.1679 and $0.1567.

All of this gives no help on taking a guess at what's next. Could remain in the $0.15-$0,18 range or decide to move one way or the other. The low volume exacerbates the situation.

For the third consecutive day we've seen MM's walk the bid up as they leapfrogged each other, usually ATDF and NITE by 1/100ths of a penny, from early on. 6/2 saw 28 consecutive increases from 10:02 to 13:33, 6/3 had 20 from 9:30 to 13:31, and today, 6/4, had 24 from 9:35 to 11:41. The frequency and regularity, somewhat, of these moves makes me think these are not retail or serious buyers searching for fills, but rather MMs trying to generate volume so they can make a bit of money off the orders they may have in hand. This seems especially true of ATDF which seems to expend great effort to be best on both the buy and sell side throughout the day. The 100 share "lures" adds to my suspicions.

On the other side, today was the first day that we saw somewhat similar activity on the sell side as the offers were much more stable the prior days (I'm guessing the MMs had visions of high paid prices resulting from their "fishing"). Today, from 10:00 to 10:51, there were twelve consecutive steps down on the offer, mostly NITE and ATDF doing battle. From there forward the offers were a bit more stable in range and varied in direction more normally, with some up and some down looking about evenly split.

From this I suspect the MMs are beginning to abandon the attempts to get any volume with increasing price, and are beginning to gravitate to the old tried and true increase volume by lowering price. If this is case, the $0.15 support, which I mentioned previously didn't look as robust as the $0.18 resistance, is at risk.

Adding in the recently-seen 160K offers of 160K at $0.17 and $0.169 from CDEL and NITE (I suspect these are the same order laid off from CDEL to NITE? But that's an assumption!), the risk of a down movement seems increased.

Today's low, high, VWAP, trade volume, and daily short sales moved -6.91%, -0.06%, -6.67%, -13.92% and -61.17% respectively. Price spread today was 12.52% vs. 4.81%, 12.62%, 15.03%, 5.26%, 5.56%, 3.49%, 5.77%, 5.17% and 4.85% on prior days.

I think today's buy percentage is beginning to reflect closer to true sentiment. But with volume so low, no confidence can be had about that.

With the drop in buy percentage the daily short sales percentage also dropped, as it should, and continued the choppy "leg down" we've been expecting to play out. I'll repeat that this generally leads to weakening price.

Regarding my newer inflection point calculations, yesterday I said "the weakening trend is (temporarily?) abating. Without volume we still can't know if it's significant though". Well, temporarily was right - check the last line. Big negative moves. Again, with low volume I would be cautious about any conclusions here.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-088.78 -235.41 -0491.00 -1166.26 -03162.90 -08257.22
+009.29 -140.06 -0398.10 -0933.55 -02615.14 -07265.81
+043.36 -027.57 -0263.59 -0756.84 -02058.02 -06301.70
+082.46 +068.93 -0152.23 -0420.62 -01055.40 -04502.46
+078.59 +076.59 -0207.81 -0552.71 -01329.60 -05014.06
-064.47 -144.96 -0507.17 -1242.89 -02759.45 -07514.75
-103.93 -105.49 -0538.30 -1489.77 -03232.90 -08413.85
-114.79 -076.84 -0377.27 -1127.70 -02377.12 -06803.58
-859.46 -510.60 -2645.96 -6925.25 -19293.68 -55787.56

There were no larger trades today. The largest trades were
9.9K @ $0.1510 @ 13:12:25, 10K @ $ 0.1512 @ 13:11:38, 10K @ $0.1511 @ 13:12:05, 20K @ $0.1511 @ 13:12:24, and 10K @ $0.1622 @ 15:47:35.

Here's a trading breakdown by arbitrary time-frames. Note ... 100 share trades ...
09:35-09:58: 006200 shrs, 07.06% of vol, VWAP $0.1699, 100.0% buys
10:12-10:17: 001100 shrs, 01.25% of vol, VWAP $0.1698, 100.0% buys
10:32-13:11: 016100 shrs, 18.33% of vol, VWAP $0.1553, 006.8% buys
13:12-15:47: 049900 shrs, 56.80% of vol, VWAP $0.1533, 020.0% buys
15:48-15:48: 006500 shrs, 07.40% of vol, VWAP $0.1622, 000.0% buys
15:48-15:50: 008700 shrs, 09.90% of vol, VWAP $0.1643, 092.5% buys

Here's a breakdown by arbitrary price range.
$0.1510-$0.1512: 049900 shrs, 56.80% of vol, VWAP $0.1511, 000.0% buys
$0.1618-$0.1622: 022600 shrs, 25.73% of vol, VWAP $0.1621, 049.1% buys
$0.1644-$0.1645: 008050 shrs, 09.16% of vol, VWAP $0.1645, 100.0% buys
$0.1698-$0.1699: 007300 shrs, 08.31% of vol, VWAP $0.1699, 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.
05/19 $0.1685 +01.17% 63.5%
05/20 $0.1635 -02.97% 49.5%
05/21 $0.1616 -01.18% 42.7%
05/22 $0.1588 -01.72% 38.2%
05/23 $0.1618 +01.88% 72.4%
05/27 $0.1659 +02.52% 91.4%
05/28 $0.1755 +05.79% 68.3%
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/02 $0.1598 -02.57% 57.3%
06/03 $0.1679 +05.10% 68.2%
06/04 $0.1567 -06.67% 30.1%

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/03/2014: EOD stuff partially copied to the concentrator.
# Trds: 33, MinTrSz: 100, MaxTrSz: 10000, Vol: 102057, AvTrSz: 3093
Min. Pr: 0.1622, Max Pr: 0.1700, VW Avg. Tr. Pr: 0.1679
# Buys, Shares: 28 69607, VW Avg Buy Pr: 0.1690
# Sells, Shares: 5 32450, VW Avg Sell Pr: 0.1657
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 2.15:1 (68.20% "buys"), DlyShts 34507 (33.81%), Dly Sht % of 'sells' 106.34%

Volume remains very low, even though up from yesterday. Under these conditions, the trading breakdown by time, price, traditional TA indicators ... are of marginal use at best. Again I'll forgo most of my usual examinations.

Yesterday it appeared the "leg down" was still in progress as we hit $0.1506, VWAP dropped another 2.57%, we had a lower high, low, volume, ... If we looked only at price it would be easy to say it was over. Just keep in mind we've seen this show before. Today it had a twist, which we've seen for the third consecutive day.

The "fishing" by MMs to lure buyers was "heavier" today than even yesterday's as we moved from six of seven trades of 100 shares at $0.1624 in the first 48 minutes. Today it was the first 13 trades of 100 shares each at $0.1699 from 9:43 to 10:26. As yesterday, all were "buys" that hit the ask. Finally at 11:08 and 11:24 "buys" of 7,019 and 2,020 shares, respectively, at $0.1699 were made. The next three trades, 10k(2) and 2K were for $0.1662 from 12:16 to 12:22. For the rest of the day, excluding the final trade, there were 14 more trades totaling 64.7K ranging from $0.1670 to $0.1700, 12:37 - 15:48. VWAP was $0.1686 The last trade at 15:59 of 5K shares at $0.1622 was an "outlier" both in its separation from the nearby trading range and in that it was a "sell" at the bid rather than the usual buy at the ask seen with our usual tape painting. I'm not sure why this was seen.

Today's low, high, VWAP, trade volume, and daily short sales moved 7.70%, 0.24%, 5.10%, 31.88% and 13.08% respectively. Price spread today was 4.81% vs. 12.62%, 15.03%, 5.26%, 5.56%, 3.49%, 5.77%, 5.17%, 4.85% and 12.50% on prior days.

The day's highest-priced trade was a single $0.17 4K share buy at 15:06. Relative to our volume, the low was "big", at four trades comprising 27K shares.

My feeling about today's 68.2% buys is the same as yesterday: if we had any volume it would be a pleasure like yesterday's 57.27% would have been if there was volume. Without volume all it means is that the MMs managed to move some high-priced shares ($0.1690 buys VWAP vs. $0.1657 sells VWAP).

Unlike yesterday, the short percentage was not that large as the daily short sale percentage "leg up" from an extreme low (5.11% Friday, 5/30) does it's normal "choppy" rise.

Regarding my newer inflection point calculations, the weakening trend is (temporarily?) abating. Without volume we still can't know if it's significant though.
_5-day_ 10-day_ 25-day_ _50-day_ 100-day_ 200-day_
-036.38 -190.83 -454.88 -1196.33 -3084.48 -8182.46
-088.78 -235.41 -491.00 -1166.26 -3162.90 -8257.22
+009.29 -140.06 -398.10 -0933.55 -2615.14 -7265.81
+043.36 -027.57 -263.59 -0756.84 -2058.02 -6301.70
+082.46 +068.93 -152.23 -0420.62 -1055.40 -4502.46
+078.59 +076.59 -207.81 -0552.71 -1329.60 -5014.06
-064.47 -144.96 -507.17 -1242.89 -2759.45 -7514.75
-103.93 -105.49 -538.30 -1489.77 -3232.90 -8413.85
-114.79 -076.84 -377.27 -1127.70 -2377.12 -6803.58

There were no larger trades today.

Here's a trading breakdown by arbitrary time-frames. Note ... 100 share trades ...
09:43-10:26: 001310 shrs, 01.28% of vol, VWAP $0.1699, 100.0% buys
11:08-11:24: 009039 shrs, 08.86% of vol, VWAP $0.1699, 100.0% buys
12:16-12:22: 022000 shrs, 21.56% of vol, VWAP $0.1662, 000.0% buys
12:37-12:59: 006458 shrs, 06.33% of vol, VWAP $0.1699, 100.0% buys
14:57-15:01: 033200 shrs, 32.53% of vol, VWAP $0.1679, 100.0% buys
15:03-15:48: 025050 shrs, 24.55% of vol, VWAP $0.1693, 078.2% buys
15:59-15:59: 005000 shrs, 04.90% of vol, VWAP $0.1622, 000.0% buys

Here's a breakdown by arbitrary price range.
$0.1622-$0.1622: 005000 shrs, 04.90% of vol, VWAP $0.1622, 000.0% buys
$0.1662-$0.1679: 054650 shrs, 53.55% of vol, VWAP $0.1671, 049.8% buys
$0.1680-$0.1699: 038407 shrs, 37.63% of vol, VWAP $0.1696, 100.0% buys
$0.1700-$0.1700: 004000 shrs, 03.92% of vol, VWAP $0.1700, 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.
05/16 $0.1666 -01.41% 34.5%
05/19 $0.1685 +01.17% 63.5%
05/20 $0.1635 -02.97% 49.5%
05/21 $0.1616 -01.18% 42.7%
05/22 $0.1588 -01.72% 38.2%
05/23 $0.1618 +01.88% 72.4%
05/27 $0.1659 +02.52% 91.4%
05/28 $0.1755 +05.79% 68.3%
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/01 $0.1598 -02.57% 57.3%
06/02 $0.1679 +05.10% 68.2%

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

06/02/2014: EOD stuff partially copied to the concentrator.
# Trds: 26, MinTrSz: 100, MaxTrSz: 13000, Vol: 77384, AvTrSz: 2976
Min. Pr: 0.1506, Max Pr: 0.1696, VW Avg. Tr. Pr: 0.1598
# Buys, Shares: 18 44315, VW Avg Buy Pr: 0.1619
# Sells, Shares: 8 33069, VW Avg Sell Pr: 0.1570
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1.34:1 (57.27% "buys"), DlyShts 30515 (39.43%), Dly Sht % of 'sells' 92.28%

Today we had a "reversion to the mean"! Yep, we went right back to very low volume of trades and shares, which was certainly "mean"! ;-)

Under these conditions, the trading breakdown by time, price, traditional TA indicators ... are of marginal use at best. So I'll forgo most of my usual examinations. But the numbers are here.

Yesterday's improved volume on a down day prompted me to say "I believe is the start (and maybe end too?) of the "leg down" to ~$0.1550 or so (we hit $0.1530 today) that I've been yammering about ..." and "The thing I want to mention here about the "leg down" is that we don't know if it's ended. Today's volume was large enough that we might have seen a quick exit by all those that wanted to do that". I then touched on the $0.15-$0.18 trading channel, $0.15 might provide only weak support, and I ended with " So if the leg down isn't over, we should expect $0.15 to be tested and I'm not hugely optimistic that it would hold".

I mention all this only because it appears the "leg down" is still in progress, we hit $0.1506 today, VWAP dropped another 2.57%, lower high, low, volume, ...

Today's low, high, VWAP, trade volume, and daily short sales moved -1.57%, -3.64%, -2.57%, -92.24% and -40.07% respectively. Price spread today was 12.62% vs. 15.03%, 5.26%, 5.56%, 3.49%, 5.77%, 5.17%, 4.85%, 12.50% and 17.61% on prior days.

The day's three highest-priced trades were $0.1690 x 1000, 0.1696 x 100 and 0.1696 x 3600. The first two at 9:30 and the last at 14:03. All were buys.

The "fishing" by MMs to lure buyers was "heavy" today as we had six of seven trades at $0.1624 (in the first 48 minutes) for 100 shares: five consecutive 100 and then 10K and then 100 again. Price subsequently moved lower.

We also had the normal EOD "paint" as the last trade at 15:59:53 was a buy of 100 shares at $0.1684 when the prior trades were three sells at $0.1601 (4K and 5K, these two at 15:45 and 15:58) and $0.1640 for 8K shares at 14:28.

If we had any volume it would be a pleasure to see the buy percentage come back from yesterday's 6.81% to 57.27% toady. Without volume all it means is that the MMs managed to move some high-priced shares ($0.1619 buys VWAP vs. $0.1570 sells VWAP) and, based on short percentage, maybe even short them and then cover at a lower price.

Regarding my newer inflection point calculations, two days ago broke the trend of improvement with five periods weakening and yesterday was worse with all periods weaker. Today continued that trend. Without volume we can't know if it's significant though.
_5-day_ 10-day_ 25-day_ _50-day_ 100-day_ 200-day_
-060.72 -207.92 -413.34 -0916.84 -2448.23 -6947.28
-036.38 -190.83 -454.88 -1196.33 -3084.48 -8182.46
-088.78 -235.41 -491.00 -1166.26 -3162.90 -8257.22
+009.29 -140.06 -398.10 -0933.55 -2615.14 -7265.81
+043.36 -027.57 -263.59 -0756.84 -2058.02 -6301.70
+082.46 +068.93 -152.23 -0420.62 -1055.40 -4502.46
+078.59 +076.59 -207.81 -0552.71 -1329.60 -5014.06
-064.47 -144.96 -507.17 -1242.89 -2759.45 -7514.75
-103.93 -105.49 -538.30 -1489.77 -3232.90 -8413.85

There were no larger trades today.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:30: 005700 shrs, 07.37% of vol, VWAP $0.1649, 064.9% buys
09:40-10:18: 001600 shrs, 02.07% of vol, VWAP $0.1624, 100.0% buys
10:25-11:20: 026369 shrs, 34.08% of vol, VWAP $0.1564, 049.7% buys
12:15-13:19: 015815 shrs, 20.44% of vol, VWAP $0.1587, 094.9% buys
13:34-13:34: 009800 shrs, 12.66% of vol, VWAP $0.1624, 100.0% buys
14:03-15:59: 018100 shrs, 23.39% of vol, VWAP $0.1624, 006.1% buys

Here's a breakdown by arbitrary price range.
$0.1506-$0.1540: 014544 shrs, 18.79% of vol, VWAP $0.1511, 000.0% buys
$0.1570-$0.1590: 016540 shrs, 21.37% of vol, VWAP $0.1588, 090.8% buys
$0.1601-$0.1640: 041500 shrs, 53.63% of vol, VWAP $0.1621, 059.0% buys
$0.1684-$0.1696: 004800 shrs, 06.20% of vol, VWAP $0.1695, 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.
05/15 $0.1690 -01.59% 68.0%
05/16 $0.1666 -01.41% 34.5%
05/19 $0.1685 +01.17% 63.5%
05/20 $0.1635 -02.97% 49.5%
05/21 $0.1616 -01.18% 42.7%
05/22 $0.1588 -01.72% 38.2%
05/23 $0.1618 +01.88% 72.4%
05/27 $0.1659 +02.52% 91.4%
05/28 $0.1755 +05.79% 68.3%
05/29 $0.1750 -00.28% 39.3%
05/30 $0.1640 -06.29% 06.8%
06/01 $0.1598 -02.57% 57.3%

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

Disclosure: The author is 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. :-)

Stocks: AXPW