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| I don't know if im doin this right but here goes-My understanding about volume is just watch the spikes and the corresponding price action-Could never make much sense out of the regular volume days...Ck out the second biggest volume bar on the chart below-Chi Wheat-Double the previous day-All that effort and all we ended up with was an 8 cent tail (the line) on a buyers bar-I read that as the buyers exaughsted sp themselves-Went on high alert for a market failure after that day-On to the biggest bar-Another crazy volume day-What did the price bar accomplish?-She broke thru a 6 week trading range-Notice that big red bar-Shes red from end to end-Selling volume was steady thru the day-Convincing-Considering the fact that were in a long term bear market-The only logical conclusion of all this is were gonna have another leg down in the wheat-Long says save the horse-I say shoot it-Your horse-What you gonna do?
 (dec wheat.jpg)
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 dec wheat.jpg (73KB - 45 downloads)
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Oh snap. Dec MW closes with a 5 handle.
