Once again apologies for too many posts. But I tend to enjoy...

Once again apologies for too many posts. But I tend to enjoy short term commentary, even though I don’t really care about TTT short term moves (other than for small fun trades). 

Double top that we had at $2.46 kind of warranted a relatively more serious down leg. We all know that is an important resistance. 

Hard to to read into short term moves here. As I noted in the past few days Mr 79k was destined to get a fill. In fact, Algo could have artificially triggered that fill and the stoploss sells that followed could have been the real purchase. 

In any case, 200-300k was bought (back) today, and Mr chart maker will need to sell them at some point (hence the spike back up). The sell price is his decision (2.30, 2.40, 2.70, you name it). But I expect a lift in price for his sell. Short-termers may play along with him. Long termers may keep on not giving a damn.

I still believe that there will be few unit cost reduction ping pongs in these prices before the next major move (which hopefully is up). 

In the meantime, happy Thursday afternoon TTT holders.