Bullet Point – Volume Steps Up
I have been watching the volume today, and in the last 20 minutes or so we saw a spike in volume. It will be interesting to see if it has follow-through. As yet it has not had the strength to really topple $2.67. Remember the strong wall is up at $2.73. Techs still are bearish. While a test of $2.60 does not appear to be likely anymore today, we have not yet seen the trending of warning flags dry up.
I don’t see what you are seeing. The last 15 to 20 minutes has barely moved with volume. I see it drying up. You said a little while ago saw todays volume around 68 mil by close and it has not gotten to 54 mil from 53 mil in 30 minutes. No sure what your seeing that I am not. I am concerned it has reversed the down trend yesterday from what it has done today.