ITD : 6 days with a low at 3.58…WTF, is the market maker waiting to kill us with a 357 magnum?
November 27, 2011 Leave a comment
ITD’s chart reeks of market maker actions, which for anyone who has watched the stock for more than 5 minutes will hardly be a surprise. It’s just a matter of time before the 357 goes bang and the counter starts a descent to 3.45-3.47 possibly 3.40-3.42.
At best another bounce to 3.65 or so will be seen, but overall the stock looks bearish, and will remain so unless a rebound a solid daily close on high volume above 2/76 os posted on the day chart.