I reported last week about a bullish flag pattern that was occurring and have been postulating about a breakout from the flag. This is potentially it in my opinion. I want to see the close but definitely the volume is right and buying patterns are right. I want to see a close before making a declaration but I am getting optimistic about heavy buying into the close. We will see.
Of course it aint moving - when the Market Makers put a 1x156 on the BxA sizes, they are manipulating the order flow, meaning orders that equate to 1000 shares on the Bid will have the least amount of resistance for selling or shorting and 156000 share on the Ask, makes upward momentum on the price a non event. If you look at the lot sizes for RIMM, its was heavy on the lot sizes for the BIDS, meaning least resistance to buy, why do you think RIMM is up 9.91% today, based on sales volumes of BB10 that wont go on sales until February? The only time Nokia moves up is when the lot size on the ASK dips significantly below the lot size for the BID. Market Makers are steering Nokia exactly where they want Nokia to stay, yet you take a botched IPO like Facebook, they are giving it special treatment on the BIDxASK lots. Now that buying has come to a grind halt on Nokia, they flip more resistance to the BID lot and start the MM start trading with themselves to give the appearance that a market is being made. Thats where you see the 100 shares, 200 shares, the 500 shares, very repetitive in its pattern, but probably the saddest thing of all is the SEC knows its going on and refuses to do anything about it, almost like the SEC was outsourced over to the BIS, just like the FED is accountable to, not accountable to the our government, their master is BIS.