Jim must be very, very happy, because the futures opened... down. Just three points now from the low for the entire move down. Can't imagine they won't try for that. It should bring on a nice flush down, but nowadays they may defend it, or guard against a big stop run, who knows. I still think they may gun this up at some point, but maybe not. I just know I'm not marrying any positions the way they like to come in.

Okay, that looks like 'the big reversal' I was expecting. So, now this heads way up???

9 point bounce so far, gap closed. Amazing how they keep defending this. Now, watch this high here at 51, it is a key spot. Decision time.

The way price is acting, I'm really thinking this recent low in the low 30's (recall how far back I said I thought it would head there) will not hold, and that we are, indeed, in the selling phase for the time being. There are so many calls for the 'bottom' in the 20-30 range I can't count them all. As an aside, watch this 37.75 area here for clues. There are some things coming together in here. I think we may see a new LOD before the close, but I'm still keeping a close watch on this area here.

If they continue to sell this today (I think they may if they don't come in at this near DB soon...), I'm looking at just under 1330 for a new low.

It's just sooooooo awesome for Jim to be smiling so much lately. I love sellers.

Lots of volume into the GZ here at 35. That might be it, so I'm watching carefully to see if the sellers can do any more or not. If the MRRD's don't come in at this GZ, that's a monster-sized clue.

I'm feeling extraordinarily good about the short side. This may be a 'ride until, well... almost forever' type of a situation. I jest, of course, but I am thinking more and more that that 'end of April, beginning of May' selloff I have been discussing for so long is unfolding before my eyes. Note that the Dow set a nominal new high right in the timeframe mentioned, so it may be unfolding just as expected.

Who knows, perhaps this is the low, right here to the tick, because I posted this. It does what it does. But, confidence-wise, I think the odds are increasing that weakness is at hand (understand, it could bounce any time). All the talk is QE3 is coming soon. To do that, they need an excuse. A big selloff would be a great excuse. 'Everything is as it should be, in this, the best of all possible worlds...'

And on the reopen the futures set a new low for the move. Let's see if we set that sub-1330 I mentioned earlier. My face is going to crack from all this smiling...

GRPN up just about 40% in one day. Insane, for such a POS stock, in my opinion...

Notice, though, it is a big ABCD off the IPO high, hitting the 1.000 price projection within pennies.

Hey, I just realized I crossed 15,000 posts a few posts back. Wow.