I'm just not getting what is a stumbling block to some. Whats hard to see? Way more volume graphically delineating the strength behind this puppy. Way more strength here than weakness. Absolutely huge support. Way, way too clear to remain confusing, IMHO. Maybe some missed the obvious facts in these numbers, so for the benefit of those still expressing their puzzlement as to the big picture and to the meaningfulness of the present trading levels and volumes and to the volume levels and the self-evident meaning of the accumulation and where it happened, maybe seeing it laid out in honest, straightforward, simple math will be a help. Maybe they just missed it before.
Nice to hear from you songbirdia. Say, what song does your songbirdia sing? LOL
Sum, vol: 143.846 avg daily: 11.987 / day avg % daily gain: - 5.718% / day
Oh, and here's the kicker. Lets look at what happened for 4 months in 2007; March, April, May, & June. For referential integrity, I'm also posting the monthlies for July thru October.
SPZI candlestick chart, monthly:
Date volume open close % change (mill) month to month March 511.514 .0026 .0024 - 7.69% April 345.194 .0025 .0019 - 20.83% May 405.040 .0019 .0028 + 47.36% June 286.280 .0029 .0027 - 7.14% July 415.464 .0028 .0135 + 382.14% August 252.885 .0135 .012 - 11.11% Sept 119.211 .012 .0105 - 12.5% Oct 177.336 .01 .0042 - 60.0%
Total vol during March to June (prior to the upside breakout): 1.548 billion
Average monthly vol during March to June (prior to the upside breakout): 387 million
Total monthly vol for July (upside breakout month): 415.464 million
Total vol during Aug & Sept (boyant during summer): 372.096 million
Average monthly vol Aug & Sept (boyant during summer): 186.048 million
Total monthly vol for October (current decline month): 177.336 million