For the record - while I watched the dumping unfold yesterday, it reminded me very much of similar action that occurred with MAD on May 17 - if anyone cares to take a look. The only difference with MAD was it ended the day in the green - which in itself might be a very fundamental difference, but be that as it may...
The aspect where it was strikingly similar was that it occurred right around lunchtime, and it fell and then rose just as quickly as LYC did.
And to confirm what mitta and others are saying should be on the cards today, the same thing again happened with MAD in the two days following - there were two tests that occurred in the same (low) range, that ended on low volume.
The fact that they stayed low volume set the stage for a good upmove in the week that followed.
mitta's spring, page-63
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35 | $7.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.06 | 5575 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35 | 7.030 |
3 | 27854 | 7.020 |
4 | 21759 | 7.010 |
2 | 11978 | 7.000 |
1 | 11836 | 6.990 |
Price($) | Vol. | No. |
---|---|---|
7.060 | 5575 | 1 |
7.100 | 11836 | 1 |
7.110 | 12811 | 2 |
7.120 | 12186 | 2 |
7.130 | 11836 | 1 |
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