2violins:

Seen this game before, nothing to be concerned about. The new trading range is .60 to .96.

LEVEL 2 Shows this

4 x 10k ----- 2 x 20k -----1 x 30k @ .60 cents THEN 2 x 10k ----- 1 x 30k @ .55

.60 is the 52 week low..What I see as going on is the driving of SP down to the lowest level in the cycle for a bottom bounce. 2 things will happen 1- the orders at the .60 cents will cover and SP will go back to .96 2- the 52 week low will be broken stop losses will be scooped up then it will go back up to .96.. Don't know much about technical trading but a friend says if it touches the high/low 3 times, the next will be a breakout, up or down..This is the second time the low is being tested in the last 3 months.'

Also, Year end is due out this month, look for the big bottom bids to be covered, the SP going back up to the .96 level just in time for earnings, then a big dump in SP following the news releases, then the cycle starts again.