what the volume is telling me...
though we didnt reach the 80 million type of volume on the swing point day of feb 5... we nevertheless had almost 70 million. very strong volume day.
infact, on a weekly chart, if the next 3 days stay strong, then we probably do pass up that swingpoint area in volume b/c we've had a couple of nearterm good days.
today's close shows cause to go higher into the fib extension.
we have done a 1 to 1 fib move, but we could go all the way to .69 before the consolidation goes beyond a 1 to 1.68 parabolic move.
imo, volume will be the key tomorrow to see if this wants to push to a 1 to 1.38 or 1 to 1.5 before consolidation sets in. I will be surprised if where we are right now w/ a 1 to 1 is all we will get out of this rally.