funkymonks - testing august low - monday, page-137

"Surely todays volume is attributable to the public holiday and can't be analysed in normal terms."

Hi Disco - I think I'm going to still read it as a combination of - low selling pressure, and no professional support ie smart money not very active. Not really interested in the "why" apart from what I see on the chart - ie we had unusually HIGH supply Friday, and today we have a dramatic drop landing on its bum. Tells me all I need to know for now.

Sorry I couldn't be more bullish for you - as you may have guessed I don't excuse/ignore/discount volume for any reason any more than I excuse or discount the spread and close of price bar(do public holidays create dramatic drops down too?) Its what we VSAers are taught and it has done me fine.