Hi Hopefulone - I guess I have a slightly different spin on it. You are right, the volumes are out of the top levels (as they are on the sell also). I speculate that there may be a conscious build up of buy signals to catalyse something. We have two "hammer" days, we are tracking the Andrew's Pitchfork (thx BAS) and I ran a quick GANN and we seem to be at the right "time" for a trend change.
Last time I saw buy/sell spread narrow, it was bullish - but you never really know. What I do know is that buy/sell can appear and evaporate in massive volumes.
I wonder whether Hanlong and DB are averaging down. Hanlong re dilution of the placement and DB re increasing stake at lower prices. Who knows.
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Hi Hopefulone - I guess I have a slightly different spin on it....
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