not much questionbamako said PLE was still under accumulation today, even at 0.46 .
no question in my mind that he his right.
considering buys through 0.45, sells through 0.48 (2 points each way): after a relatively even see-saw in buy-ask sizes for the first couple of hours, the weight swung heavily to the sell side.
at one point the sells had about a 7:1 preponderance over the buys.
the 0.45 held.
normally, that sort of a preponderance would sink the ship in a hurry.
right now, the preponderance is down to less than 3:1, and the bid is moving up.
it is being accumulated