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Tuneyards

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Tuneyards

Re: theDolphin post# 6237

Friday, 12/23/2011 11:15:27 AM

Friday, December 23, 2011 11:15:27 AM

Post# of 28022
Just curious, if you follow TA then you must know Rule #1 is that every real move must be accompanied by volume. Can you explain your confidence based on the fact that :

The breakdown period from Nov 30th - Dec 12th - Average Daily Share Volume was 2.83M

This current meltup/breakout period from Dec 13th - Today - Average Daily Share Volume is at 925k

The breakdown contained ~3X Volume compared to this (fake?)breakout, can you explain that, or do you not believe that volume is necessary for sustained moves?
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