{They way I'm interpreting this is that the MMs ceased pecking the bid with conviction to move the price lower - either capitulation to the trend or they didn't really care (they had accomplished their goals earlier?) - and allowed the market to operate, more or less.}
Looks like you were right as the trend is not our friend so far today. Very light volume so who knows what may materialize in the next 2 1/2 hours? IMHO that answer to that is that we drift lower. Hope I'm wrong.
Some news about a large order of C1000s wouldn't hurt about now.
Looks like the recycle is in effect today. I, like several others here, was thinking that it would be around .93 or .94, but that theory is out the window at the moment.
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