Initially this morning I thought that AIG would go down to 26.35 range. A short while after trading I lowered the price prediction down to 26.03 the downward pressure was so great that I thought that IF we broke below 26 we would drop to 25.77 ....
We hit a morning low of 26.06 so I was only off by 3 cents.
Right now we have SIGNIFICANTLY less downward volume pressure and it appears that the consolidation phase is taking place in the 26.26 to 26.36 range.
Volume is now the determining factor. With much fewer shares trading we can now move up or down a dime with little effort.
I would say with a 94% probability that we will NOT break below 26 today.
Right now my closing prediction is 26.69 , although if we can break thru 26.68 before 3 pm today we could close over 27.