Paydaygirl, I wouldn't be taking too much notice of the market...

Paydaygirl, I wouldn't be taking too much notice of the market depth that can change in a flash and be manipulated anyway, it is at best a very very rough guide and imo only useful for placing your buy or sell orders in the immediate term. Look at the volume and the spread of the bar it will tell you a lot more. Today is a wide spread bar and has gone up on way less volume than yesterday. This means the rally is weak and probably unsustainable and you have to be thinking someone has manipulated the price upwards in order to sell into it. My thoughts are that this will take a few days to stabilize and for the selling to dry up. Look for a very low volume day to give you a clue as to where your best safest entry will be. Yesterdays bar should provide strength behind any kind of buy we look at ie our low volume day should be within the lower part of that bar, where the strength of buying is situated.

Cheers!