Ok technical guys, I need some help. A month ago, a few thousand shares caused a 5-10 cent change in the SP, but now a million shares does not budge it. I simply can not believe that buyers and sellers ar balanced in this high volume. What is happenning in the trenches? Thanks.
Simply put there are very strong new buying interests wanna break through the overhead supply here at this level. Put in another way, we do need high volumes at this level with big overhead supply around. Otherwise, the SP would have easily bounded off from this level and slip into low 5ish easily, which turned out not to be the case now!!!!! Technically, this oversupply was caused in last June if u look at the weekly charts! It is obvious that some big new buying interests seem to be in the know something and jumped in and crush with those overhead! That is why i like the huge vol right now because i sense the new purchase interests given a strong oversupply at this level!! Good luck to longs.