Perpetual8, these low volume down days like today and a couple...

Perpetual8, these low volume down days like today and a couple of days ago are indeed what we call no supply days, ie very little selling pressure, yes there has been volume coming in on the up days but unfortunately coming in at the wrong place near the top of the bar and closing the bar below it's midpoint. Or higher volume on narrowing spreads both of which which indicates strong selling pressure if confirmed the next day with price dropping, which his has on numerous occasions. When i talk of good volume coming in on downbars, i mean a drive down and a close mid to high in the bar, unfortunately we keep seeing the opposite a drive up and low closes or no follow through in the days after and it all falls over again.

Very hard to tell if this is accumulation or redistribution but you really want to see repeated good volume stepping in on downbars that close high. Can you see any bars like that?

It'd be nice to see a shakeout bar where we get a dip down under that support at 18.5c and then a close above it on good volume. Now that would get me excited!

Cheers and hope that wasn't too confusing.