Does Volume on SPY say a bounce is on ???

[Digs]

Check out the volume on this chart.

Q: How do you put a picture in the post, rather than a attachment ??

 

[Digs]

The DIA is a little more tricky !

 

[Lucrum]

Quote from Digs:

Check out the volume on this chart.

Q: How do you put a picture in the post, rather than a attachment ??

http://www.elitetrader.com/vb/showthread.php?threadid=131273

 

[Lucrum]

"Does Volume on SPY say a bounce is on ???"

Below average range on above average volume, I'm starting to lean that way.
Of course it's only one day/price bar.

 

[Digs]

And of course NEWs trumps TECHNICALs

Cheers.

ALL that volume could mean massive short positions ready to profit on a plunge !

VIX above 35 soon maybe !

 

[Digs]

p

Just showing off my new skills !

 

[womblevader]

One trade ie 83m at $124.76 at 11:45am pretty much explains the high volume.

I haven't got a clue how to post pics but here is the link ti the yahoo chart.

http://finance.yahoo.com/echarts?s=...=on;ohlcvalues=0;logscale=on;source=undefined