Hi Tane It works on closing price and volume Because the volume...

Hi Tane

It works on closing price and volume

Because the volume was so extreme in Jan 2010 and the price gains were so large 500-1000% it hasn't been distributed so much more so the price has traded in a range inside this initial large volume bar in jan 2010

So more so a long term consolidation than distribution (the distribution when transocean sold was absorbed by another large current holder ;) )

That is why IMO this the start of a significant upwards move that I think will last.

It is good to see when stocks move out if big base consolidations

AHZ Is another that I picked at the start of the year.