I try not to buy into any conspiracy theories  about the...

I try not to buy into any conspiracy theories  about the structure of the funding package but there has been some solid churn down at these levels.

It's interesting that if you look at the charts WAF has been in a clear downtrend since July. However the volume accumulation indicator has been showing a positive direction since late May. This is a clear Divergence.

Other than the interjection of the funding announcement there was also a gentler uptrend in OBV from July to late Nov and again starting on around the 22nd of Jan. The former is obviously another divergence. The former could be argued to be correlated as for the moment 22nd Jan is the low.

So now we have all 3 indicators moving upwards in sync. See where we go from here but it does look like someone is going to do well out of this whole scenario. I am not however convinced it will be us. With an average under 30 and willing to take a few more at these price levels once it looks like a floor is in that is fine by me. I can see how it's not for some though.