For a change, I agree with mensplus that this volume implies that somebody has been liquidating, albeit the selling could be a mix like 50% that somebody(s), 30% shorts riding the monentum and 20% panic/fear/weak hand/margin call sellers being dragged out...
That scenario, however, fortunately also implies that once that somebody(s) is done liquidating, in that example, first 50% of sales a day suddenly stop, leading to first a flatlining sp, leading to another 20% selling stopping (the panic/margin call sellers stopping in this scenario), which would lead to a sudden reversal as even then the shorts can't then ride the down momentum any longer..
When will that point be reached? No clue, BUT once it ends, we will reverse rather sharply..