nexy couple of days tradingBelow is a quote from a guy studying month end buying/selling for last 14 months. Well today he has it right so we will see if the rest of the week holds true. If this does hold true the boys at CUU AGAIN PICKED PERFECT timing to be ringing the opening bell !!
- I noticed today that the bid would build then seller/s would sell lots about the 20k size into bid. Let the bid build again then sell about this size into bid again. I don't know if buyers are finding they can buy more shares this way without driving the share price up but either way it was interesting to watch and a lot of watching I was doing.
Heres looking forward to the ride of the year
March 28th, 2011 at 4:14 pm
Regarding this tendency for stocks to trade sideways to down on the last week of the month, this shows the lack of commitment (low volume) that causes this sideways to lower price action consistently seen. I suspect it is the large institutions that are pulling their bids and no longer supporting the market with the intention of seeing prices fall off on the last week of a month so they can buy at much better prices. Being they are the overwhelming buyers of the stock market this would have this effect as the market would be left to small traders without the strong support under the market that the large players provide. You then see at or near the last day of the month and especially the beginning of the new month very strong buying and a rallying market for 3 to 6 days after if not longer. So far Monday is right on course for a sloppy see saw day with the likelihood that Tuesday and Wednesday will be much the same down some/up some. Thursday is the last day of the month which often sees buying coming in. This is what I think is occurring once again with the low volume and lack of price action follow through seen everywhere.
GTTA
Riptor