VGN.V

Watching level II I see what I describe as a lack of volatility. Volatility makes for some serious head snapping whipsaw. This stock price is rising on low volatility.The bids are sizable enough to infer interest, but don't suggest a broad sense of exuberance.

The best way to describe it, is to say the support is medium to light, building on sellers gapping their sells to the bid when the bid climbs high enough to be sold at market. As there is not a lot of supply from exuberance, these ripples recover quicker than one might normally expect as there is not much trader supply to turn the trend in panic (FEAR).

This is a desirable thing as this is a dynamic that keeps the trend up. This dynamic is an aspect of fear and greed. If you feel a need to sell for whatever reason, you need something to sell to... like a bid that is equal to the size of the block you would like to sell. If the bid block is not there, greed from taking too much of a loss makes you reluctant to jump the gap and take a sizable loss. Naturally greed keeps you from taking the loss. It is a universal dynamic.

The other side of the equation is the bidders who interpret this (LACK) of motivated selling as a bullish signal for all the wrong reasons. The bids reappear with bullish confidence as the selling subsides, and the trend continues the move with low volatility... The screen cut of the last 3 months demonstrates this trending dynamic.



TIP: Click the roller scroller on your mouse and hold for zoom... now turn the roller while holding, and you should be able to zoom the Level II screen capture.






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