The gap up from last night looks like it might be closed. Not...

The gap up from last night looks like it might be closed. Not sure about the gap from 2 days ago though.. hmmm

Also, interesting to see that todays volume is on track to be the highest since october 2010.

Funky, am i correct in assuming ultra high volume bars generally show signs of distribution? obviously we'll need to wait and see where it closes today..

pros: broken the long term down trend, 3 successive days of higher higs & higher lows (this hasn't occured in quite some time).

cons: ultra high volume bars (also not closing at or near the top?)