Up past resistance? Hmmm, explain to me FALSE break outs. It will establish a "new" resistance point, but aren't we striving for extraction of profit?
. I've got an abundance of charts with a breakout that reverted back into a triangle. My opinion, the sharper the break up, the weaker it is technically. In other words distribution. Give me a quiet breakout (low volume) anyday.
Volume without price progress (up or down) is churn. Order flow.
Blocks do not have to occur afterhours. In fact, for the most part they don't. Simple concept. A institution with a large position, irrespective of profit or loss wants out (or in) without "moving" the market. He confers with a specialist or wire house. They carry it as inventory (either blended or aside from their day to day inventory) for a fee. Been that way for decades if not a century. Pools, before being outlawed, same concept but not "official" as the specialist is.
Lurking overhead supply or latent demand.
My point was there's a distinction/delay between both END parties, and making published volume figures less than precise.
