cheers pops over in the west, page-21

SS, my comment might be a case of the blind leading....however, even though today was low volume relative to yesterday, the spread did not narrow and is on par with yesterdays spread. This points to a week down bar (noting we are a looking for strength in apparent weakness - ie a down bar). THe two together are not good, bit like the two bar in the morning session. As mitta says, keeping a lookout for the test which to me are signs of strength in apparent weakness. So tomorrow we will probably have another down bar, if volume is higher than today with a similar or wider spread, then this could be a signal to open a short position