just found something that may be of interest
First thing to remember is we should ALWAYS consider High volume bars that close up higher than the previous day as SUSS until proven otherwise. ( big boys are offloading ) ie. don't buy
They are coloured RED on my chart.
NO1. on the chart was the start of our recent weakness and can be seen is the biggest RED volume day ( potential for a lot of selling ) to be followed by NO2. and then just recently our very small RED volume day NO3.
Note I have drawn a descending line along the tops of the RED volume spikes and LOOKY LOOKY they line up and our NO3. is very very small.
Also note the time duration that it took for the weakness to disappear before they got the crowds excited again has got smaller and smaller - after NO1. it took 12days NO2. 5days and our NO3. maybe 3days thats today and as potgut has mentioned looking rosy on the open this morning - kind of spooky hey
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