less than 700K by 11:00 When the first trade of

less than 700K by 11:00

When the first trade of the day is a 280 share bidwhack to .0039 that tells you everything you need to know about what is going on. The bears are clearly looking to keep price suppressed and make runs at the 50 DMA support to shake out weak hands, but the problem is that people are simply accumulating shares and not selling.

Bid slamming via naked short selling is often the culprit, which I would hope as it would give us an enormous pop once the rally gets underway.