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The markets continue to display classic bullish patterns. Forget all the talk about “low volume”, it is a seasonal issue only. The fact is, volume does not pay, only price does and prices are moving higher. Would you rather make $10,000 on heavy volume or light volume? What kind of dumb question is that, right? Volume is a RELATIVE measurement. Think of it as “relative to the event”. In this case, the “event” is the rally 2 weeks ago. Relative to that rally, the volume decreased on the pullback and now that prices are moving higher again, the volume is also increasing. This pattern shows that the buyers have more conviction relative to the sellers and that is why prices are increasing.
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