In a nutshell, yesterdays volume was about average, it wasn't...

In a nutshell, yesterdays volume was about average, it wasn't low, and it wasn't high.

I consider it like this, average volume suggests that 'selling pressure' in the market was not low, and it wasn't climactic (high) either.

So the average volume (on a downbar with increased spread) yesterday suggested it may have been 'really truly proper' selling, not some other form of selling masquerading as something else (which often happens in the markets to throw other participants off the scent).

The response today suggests that was probably the case.

So average volume on a downbar with increased spread always should be a concern, although as always the response is used to help confirm (because sometimes it is not confirmed).

I haven't seen today's bar and volume yet.......perhaps today will look more climactic (which would suggest buyers may have stepped in)........i'll have a look in an hour or two.

cheers