Remember, the air volume in your lungs is doubling on ascent for every 33 feet of depth. You're risking an expansive lung injury if you're breathing in, or holding your breath.
Dpaustex, this is not quite correct. You are correct in stating that in an accent from 33 ft to the surface the volume of air in your lungs will double. This is not correct as you go deeper.
When you descend from the surface (1 ATM) to 33 ft (2 ATM) the pressure doubles and the volume of gas will decrease by 50%. The reverse is true when you accent.
However when you descend from 33 ft (2 ATM) the pressure does not double again until 132 ft (4 ATM).
If you are at 132 FT you can accent to 33 ft before the pressure is reduced by half and the volume doubles.
This is why so much emphasis is put on the first 33 ft of decent ans the last 33 ft of assent. This is where the most pressure change occurs.
You are 100% correct in stating that holding your breath at any time during an accent puts you at risk of a over expansion injury.
Happy and Safe Diving
Alan