KDR Chart, page-331

Looks like the trading above leading edge of the flag (@ 33c) was a 1st test/probe only (...so far at least). Not a confirmed "break out" as yet... as would need to see a significant uptick in volume. There was some small volume increase looking at the hourly but not what I would call "significant and sustained increase" to get us through resistance at 33c.

You need think of volume in terms of "power" and price movement as speed or velocity... think of a car travelling uphill against gravity and the volume being the amount of pressure needed on the accelerator peddle needed to get over a hill. Too little accelerator pressure and the car will come to a halt or may even roll backwards some... Sustained pressure is required to crest the hill ( "the hill" being synonymous with key resistance points).

So once at top of hill (ie, a breakthrough of a resistance area has been achieved) and assuming no let up in volume/power (continued accelerator pressure) then this leads to a sharp increase in velocity/speed (or quick spike in price) ... until the next hill/resistance area is reached.

So what happen this morning was someone/or group dabbed the accelerator peddle and then took foot off...testing the gradient of the hillock.


IMHO... of course