Wyckoff trading method, page-211

Yes perhaps...

That weakness we looked at yesterday (widespread upbar mid November) is still having its influence over the stock.....and what potential strength we saw recently (potential stopping volume), was just not strong enough to change the trend. It did try to change the trend, and knocked it sideways for a while, but it was ultimately not strong enough overall.
Another thing which I have not mentioned yet, is that the weekly chart never really showed any strength at all, even though the daily saw an attempt at supporting the market.
Checking other (longer) timeframes should be always be a consideration as well.

We'll still keep an eye on it and see what happens......

cheers