Yhea, as most know I am a fan of TA, and I did notice the trend lines as well. The thing is that this is down so much already, and there is really no fundamental reason for it to continue. In fact, the fundamentals would either keep it here or, bring us into the low 3s if you do both TA work and the rest of the data together. I could be wrong, and often am, but, I personally do not think so in this instance. Just too many people either holding, not willing to sell here, and, every time it appears to want to go lower, it can't do so in a sustainable way. Also, the potential has to be considered, the tangible assets, as well as the volume during the holidays. We are very balanced out overall right now and even if you see a sudden move either up or down, neither is sustainable and with out company guidance, should stay this way. In short, we are about as beat up as I expect us to get. Please note: JUST MY OPINION PEOPLE.
There are times when just TA is good to view when things are liquid, but, this has not been there for a couple of weeks now, so you have to ask the other questions, which to me show balance.
GLTA