The XJO closed sharply lower with increased spread on Wednesday....

The XJO closed sharply lower with increased spread on Wednesday.
I was a bit surprised that volume was only about average.
Throughout the day I was fairly confident that this would be a (minor) climactic day, and probably the first day of a two bar or multi bar shakeout.  Most of the criteria I generally look for suggested this, except the volume (actually the raw volume looks like weakness, and suggests the opposite maybe true).  So as usual i'll wait for the response on Thursday, it should answer the questions more clearly.


cheers