Volume has gone to crap, but again we have done our job. We have eaten all the volatility for the time being.
Everyone is expecting the Sunday night bump (I am also), but what if we don't get much of one?
The problem with expecting something good is that there are no surprises to the upside. So are we getting this low volume melt up as a prelude to dumping like on Dec 2, or the first rumblings of a breakout? I'm net long but hedged short, so I don't really care. It will be interesting to watch.
Yeah, that's not how it works, unless you balanced it out completely.
Care to give us a rough idea of the ratio of one to the other? That should determine sort of how much you care which way it breaks out.