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[123tom]

IPIX volatile moves on what kind of volume?

compared to last week's selling dump of 600K shares at the 63 peak, today's plunge seems like low volume, but they sent the price down to 52. that's a harsh blow for longs watching price. the technical pullback zone is really looking at the 56-55 area to hold a bullish support pattern, so the take down to 52 was excessive,and on some sentiment level, does it 'kill' the rally momentum now?
bullish pattern would like to hold at 56,but manipulation trading takes it to 52 / chart
Technical trading, and volatile. from 63 to 52 is a drop of about 18%

last time we got a Big surging rally it spiked from here 54 to 70, and this 54 zone also becomes the reverse shoulder for the next rally to launch from, if it would be so kind to us. the next rally wave is ready in this set up.
surge to 70 from 54/52 daily chart

bearish resistance on the other hand would be looking to stifle the bounce below 58 and take it back to 48.