Volume actually is only moderate. At best today, it will only approach the 3-month average. Volume is telling the story that there is not any new money coming, only the same old day traders hacking it out.
Institutions are buying; can be panic buying at end of day, they Windowdress this time of the year, beeg time; not to mention Earnings announce not long from now; Run Up to Earnings can see us over 600.
Institutions are NOT buying. They will not commit money until 2014. The next earnings will be very good, and no doubt there will be a "pop", but New Money is still on the sidelines until 2014. This time NEXT year will see a better stock price than now.