Aurcana Silver Corp V.AUN.H

RE: Where we are.

[Banman17]

If you have read about Wychoff at all, and know that his study of price and volume clearly indicates where the smart money is moving, you wouldn;t be in a panic right now. The market makers know what will be happening in advance, and as a result, seek to accumulate shares as cheaply as possible. After the last high at 1.99, which is where the market makers (MM) last unloaded their shares for a tidy sum, the MM then shorted the stock all the way down with their profits, marking the price down all the way. If you take a look at the accumulation/distribution line, you'll see the stock is being accumulated all along since last Dec. Professionals buy on the way down, and unload on the way up at higher prices, distributing their stock. They also cover their shorts at the bottom with the cheap shares that the weak hands give to them when they get scared of how low a stock could go. So right now, we are doing a retest of the August low - we closed in the middle yesterday, but the volume was still high, meaning there is still some weak hands out there. The MM won't want to advance the stock price until the overhang of weak hands is flushed out, so the MM won't have to absorb their shares when they unload as the stock price advances. It's all up to what the MM wants to do and when, since he sees both sides of the book. We may have to test the .79-80 area again since there was too much volume to be a successful test in my opinion. If the stock advances from here and then pulls back, it may be what's called a Wychoff Spring. We'll see what transpires - patience is needed so hang in there all longs. Banman17