Nice of you, pnadaok.Let's add to the equation what we're seeing...

Nice of you, pnadaok.

Let's add to the equation what we're seeing in terms of the supply/demand equation in the depth charts. Only a fool would expect the sp to slump when there are literally over double the number of shares buying to selling.

While that ratio is not a good indicator, as it can be manipulated easily, it still is useful to me as a general barometer. Buying pressure is building and there is no resistance of any great measure.

I don't make predictions, but it seems likely that, in terms of "consolidation" of a different sort, what's what is happening now. There's relatively little up and down trading today. The price is holding except for one big flush a little while ago.

In terms of reading the "mind" of the market, a whole lot of shares are being bought right now at these rising levels, and unless this is about short positions (I doubt it!) what we're watching is consolidation. I like 2%-4% improvements in the sp as opposed to the 8%-10% ones as they are sustainable and less likely to be bubbles.

This just looks better and better to me. What would be driving this? It's actual news, impending news and a lack of negatives. Jones said that various negotiations and discussions are well advanced. Read that to mean: ann imminent. Those few in the know may well be stocking up, don't you think?

ST