upthrust tuesday, page-5

If we build on Reds observations of last night

"...Comment: A strong day on heavy volume. 20-Day Relative Volume was 130%. That’s extremely high. We’ve also had a run of six days when the gross volume was in excess of 1Billion shares traded on the All Ordinaries. We have to go back to late March, early April 2012 to get such a run of high volume days. It took until the end of April for the market to actually turn down. “Herding” behaviour tends to appear at the top and bottom of trends. That is what seems to be occurring now.

That doesn’t mean a change in trend is imminent but indicates excessive bullishness on the part of investors.."

Or you may view it as also being an indication of excessive supply by the professionals

P.S. not that it means anything to anyone bar myself but moved all super out of shares into cash last week, hope it was the correct ST move ahhh