I beg to differ Raving.That 70-80M has been sitting on the sell...

I beg to differ Raving.

That 70-80M has been sitting on the sell side for I dont know how long now.

The match-up in the top 10 market depth is a little more revealing imo.

Around 40M on the buy side and only 26M on the sell side.

If those sellers that make up the other 55M below the top 10 match-up were serious theyd be much closer to the ACTUAL market.

This is all about churn.Work it down,churn it,then go again using the weak market and those that have no choice but to liquidate holdings to pay debts.

As far as the gap being filled is concerned it really is drawing a very long string to connect the dots to say that the large gap that occured back when Continental did the large placements is technically connected in any way to the current price weakness.

It will be VERY low volume indeed,like we've had today,IF and thats a VERY BIG if,that gap does get filled as nothing has traded below 4.8c ever since that gap was opened.In fact its a well known FACT that such gaps act as technical SUPPORT as it certainly appears is happening atm.

If it fills the gap I'll bow to your better judgement but atm it doesnt look like the buyers are going to go away at 4.9/5.

d.