TechnicalsWell unfortunately I seemed to have projected the pps decline. Not rocket science. I'm sure it was quite evident to just about everyone here that the pps had moved too far, too fast and that it needed a period of consolidation.
Hopefully the second part of the projection..that the decline will be short lived... comes true as well.
Tuesday might well set the tone as to the duration and/or depth of the decline. Now appears to be the time for deep pockets to come to the rescue of their own selfish vested interests (long). Just wish it was me with the deep pockets. Todays steady decline was not pretty however the size of the selling activity was only minor when looked at from a volume viewpoint. Hopefully these were weak hands taking advantage of an opportunity to lower their near-term exposure.
A positive PR before the open on Tuesday would be most welcome/beneficial at this time.