Based on today's trading within a tight range plus the upside down flag formation on the D1 charts..., there's clearly more downside in the near future. The lack of reasons to buy are also diminishing and should cause a cratering in the days ahead. My guess... this Friday. If not, it will be gradual up until March 15.
Last week I was expecting much higher volume figures. It would have supported the distribution argument I have been expecting. Since it did not happen, I'm now expecting the price to come down (by 50%+) even further to get the volume I'm looking for. Once you see volume in the 70-80m shares daily, then we'll be approaching a potential bottom.
The next hurdle will depend on if GS delivers on March 15 or moves the deadline. Knowing GS as we do, I'm betting on at least one extension. If we haven't hit $0.003 by then we certainly will with the extension. GS will see to it.
JMHO
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