Well, if the sellers have exhausted their blocks,

Well, if the sellers have exhausted their blocks, then Level II looks thin from 03 and up!  This is, of course, just a guess as they can jam the ask at any time.  But, on a daily chart, the DMI is itching for a buy signal.  Any action to the upside and I think we get a cross on the DMI to a buy signal.  The CMF is continuing to stay bullish.  The FSTO and momentum indicators are grouped together and ready for a run (I have the FSTO, Momentum, and Accumulation over layed for a cleaner view of a potential reversal...looks great).  The PSAR is long overdue for a reversal.  The old saying is longer is stronger applies here.  If true, once we get a flip we could be in for a several week move to the upside as we cross through resistance levels and cup fills.

One large bid at 03 or higher could light this candle.  Plus, we'd get an idea of what is actually left above as some bid whacking might occur also.  We'll just have to wait and see if someone steps up to the plate (if I had powder I would be more than happy to accommodate!).

First things first though...we have to trade above the 200SMA on hvy volume to initiate a firm reversal.  The 50 is sitting at 0488.  I say this because the 10 is at 0314 and will fall quickly on any volume at all.  Flippers will reset the trade from there up to the 0488/05 area.  Maybe longs will get all the shares and hold them tight!!  Make them chase a bit eh!!!!