Well its lunch time in NYC so the predators are scouting around to see if they can take it down on low volume. Trepedatioiusly poking at the bid and walking it down on low volume to see if there are any supporters at their desks, or whether they have all simultaneously slipped out for a few minutes to get a reubin sandwich.
They are trying to do a low volume sneak attack on the previous LOD from the first half hour. Testing the 50% retrace and trying to get close enough for one of them to jump in and sell when they get away with lowering the bid and thus opening the door.
So... lets see if buyers are at their desks. They need to get below .442 on the bid and somebody will pounce on it and then they lower the bid again in quick time and we are off on another leg of the bear raid.
We'll see.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."