dow jones finishes up for the week, page-20

Yes I am looking for a pattern reversal signal in the pennant formation by an increase in volume, as opposed to the more typical decrease.
Presently volumes of buyers is increasing and volumes of sellers decreasing... I do think we have a bottom being consolidated at this time. The duration of this penant pattern depends on the extent of the price fluctuations (consolidation). The greater the fluctuations, the longer a pattern will take to develop and the more bullish it will become. I beleive we will see sideways movement as this consolidation phase plays out.

Next few weeks will be very intersting watching