micalith
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July 31, 2013, 05:34:28 PM

It was 'low volume' until these big buys started increasing in frequency. Now it seems that small fish are still low volume, resulting in sideways action awaiting the big buys.

I wasn't around pre-'bubble' and am curious about volume comparison. Before the bubble hype got too silly, was it like this, or were the little fishies more active than we're seeing now?

The little fishes will accelerate the rally if the buys keep up much longer.  We are close to wave 3 of 3 off the recent $65 bottom.  In the middle of such a wave comes the so called "point of recognition".  If we don't see such an acceleration then Blitz will be gloating again.

So there was more volume activity across the full spectrum of transaction sizes before the bubble ramp-up got out of hand? It looks like small fish volume acceleration has begun since the last 7 hours and is being tested. Testers best not blow that candle out before it spreads!