The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, increased 6.7 percent to 112.3, the highest level since December 2006.
I've been investing for 40 years...the answer is, up on higher volume and consolidation on lower volume is bullish. I agree with the "truth" poster in the fact that no one should be wasting their time answering these manipulation posts.
With the volume as key look at the way it moves. Buying only once the price has been dropped by low volume. Low volume does not MANDATE a drop in price. Nor does high volume mandate a rise in prices.
Furthermore, what this is is not so-called "technical" analysis because there is no attempt to "predict" and price movement.
All I'm saying is the evidence is there. They buy, causing the price to rise and yet can and do "force" the price lower by selling, short selling and naked short selling in much smaller volume trades, thus triggering stop losses. It's very easy to do if one is associated with brokers and/or market makers.
If there were an even/even volume for up AND down days then you might have an argument. The evidence says otherwise. The price is dropped by manipulation on low volume so the large volume buying buying can be accomplished at lower prices BUT THE ONLY ONES WHO ARE ABLE TO DO THIS ARE THE ONES WHO ARE CONNECTED. We can't. Not even the company management can do these things and unless they make formal complaints--WITH SOME EVIDENCE--THE REGULATORY AND ENFORCEMENT AGENCIES, PUBLIC AND PRIVATE LOOK AWAY. That the likes of you agree with them only exacerbates the problem and makes most investors losers.
What you and others are suffering from is known as "The Emperor's New Clothes Syndrome." Time to get cured of your spinelessness and herd mentality.