Its just a bunch of buy orders that just sit there, no one is bidding for the stock.
Selling is becoming more congested, the genunie buy orders that do come through are not sufficent to hold the stock price up.
That means, its going to down from here again. Might even make it into the 40's on the next move down.
I think you are starting to see accumulation take place. This accumulation is not sufficent at the moment, perhaps in the mid 40's it will be, then we can see the stock price move sideways, selling get soaked up and then maybe a change in trend.
OEX Price at posting:
63.0¢ Sentiment: None Disclosure: Not Held
