Exactly. It really beats me why people are so focused on order books - it doesn't tell you anything about buyers vs sellers. Many times I have seen people here and on other threads talk about how the situation looks good because the bids are seemingly giving a lot of support.

Such people should read some books. The reality is exactly the opposite. If people really want to dump their shares, they will dump at any price. They don't want to wait for buyers. I've said this before - stop looking at short term scenarios unless you are a day trader. I myself have traded options for many years and then it pays off to look at order books. But if you're a CMM shareholders because you believe in the company, then why do you need to even look at order books? Why not read something about order books first?

The situation is so simple. We are at a critical level now. Volumes have been very thin for a while now and the market was clearly undecided. Before any big upward move starts, a drop is needed. Look at it from this perspective: if you are going to kick a ball, you first move your leg behind your body to be able to create more power and speed, it's the same thing with stocks. Now sit tight and watch how this scenario unfolds.

This critical level should lead to some buying, either today or tomorrow. If this doesn't happen, then you should be worried. Until that time there is nothing to worry about.

Last tip: look at RSI in the following chart: http://bit.ly/9vyXDp - see where the earlier lows were? Those are the really critical ones.