07-24-2014 06:24 PM - edited 07-24-2014 06:25 PM
it is like candlestick speak - large range day (outside previous 4) -- kinda means the Indians are wakin' up, so to speak.
...the volatility shows the battle is heating up between buyers and sellers - most of the volume was near the low early in session...
--peak volume usually is capitulation on any timeframe- when it occurs on/near low/high -- -today, it was intraday and largest or most compared to last 5 days since gap -- it is significant...we will see tomorrow/next week if they can close up gap to reverse trend -- would confirm exhaustion gap.
hope this helps.