I like the consolidating and base building as well. The slower this moves up the higher it will probably go.
Don't count on the golden cross too much. I am a chartist and have seen many golden crosses. Oftentimes there is a delay after the cross and sometimes a sell-off. It just depends on the market and about a thousand other things. Over all though, a golden cross is a great sign of a trend change.
As far as the buy and sell data, I'm not sure you got my meaning. Briefly, a buy is when a transaction is logged at the ask and a sell is logged at the bid, most know that. The buy/sell data we are discussing is accurate in as far as that explanation is understood. What many don't realize is a big seller can continue to lower the ask to his sell price no matter what anyone else wants for their shares. In order for small sellers to sell, they must under-cut the large seller or wait till he is gone. When bidders buy the large sellers shares, the transaction is at the ask and therefore is logged as a buy when actually it is a sell because the seller is big and controlling the ask. In other words, he may have many more shares to sell than there are buyers so the price either consolidates as the large seller waits for buyers, or it falls if the large seller decides to take less and keeps dropping the ask to dump his shares.
Think about it, if there really was 200K more buyers today than sellers, that lopsided demand would have pushed the bid and the price up. They wanted the price down today. Almost right away, they (someone) dumped almost 100K shares. That's not done unless someone wanted to crash the stock. Just after 10, another 300K was dumped to tank the stock from .495 to under .46 in under 6 minutes. That was another intensional move. That gave the seller control and slowed the buying enough to hold it down. It could also have been done to help a large short to cover his position. The point is, that buy/sell data is skewed at best and often-times means nothing. I know this because I was close to a person that worked as a Nasdaq market maker before retiring and passing away.
