Tell me about the V curve that is setting up. Seems to me we will end up in the green for the DOW if this occurrs. Sharp down trend, reverses to a sharp up trend. The day is going to get better in my oppinion.
This was why the specialist dumped the stock this morning. He could have simply walked it down, but instead he went full throttle dumping it right down to the support. These big dumps tend to create that V-bottom on the chart.
The specialist had to do something and his little tricks were not getting you guys to buy anything. So he dumped the stock, found buying interest down at 2.5 and look, the stock is now back up to 2.75 and may hit 3.
Sometimes you have to go down, before you go back up.