Charts don't, can't and never will predict the future. All they...

Charts don't, can't and never will predict the future. All they tell you is how people spent their money in the past. fwiw... this is my take on the recent DOW action.
From the low in late October to the high in the second week of November what stands out to me is the falling volume as the index rises... doesn't look like a well supported rally. [Add to that, some of the articles at the time of the bounce hinted it was a short covering rally.] The volume bar for the fall is not big, so it doesn't look like a mass bail out of positions but I would be guessing the shorts are going back on and there was some profit taking of the bounce. I don't see any strength in the chart at all and I think there is more momentum for the downside than there is for any recovery.