Monday, August 8, 2011

Volume down here

The volume pattern down here is saying that this is just a test of lows and should not break through too deeply, if at all.

It's not enough to be a buy signal because:

a) Breadth is still horrible

b) There is no price pattern to confirm

volume is just one thing to watch, you need confirmation from other sources.

I'm going to grab lunch, Im assuming the market will still be here when I return!


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