Wow..are you ok?
Actually, yesterday's volume meant ALOT. There is a difference between a 'climax' or 'blow off' top and a 'breakout' on above average volume. When a stock breaks out of a prolonged trading range on high volume that is a breakout and it should be paid attention to. That's what WDRP did yesterday.
Yesterday was not a climax top but a breakout. A climax top occurs after a stock becomes waterlogged and fails to make new highs on above average volume. Yesterday's volume is now the type of volume that any other volume should be compared to as once a stock breaks out of a range and establishes new trading behavior, the previous volume and price action becomes rather meaningless.
All of the little sayings you included in your post are useful and can save you, and make you money but, for them to be useful they must be followed and used in their proper context.
-Dave-
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