I posted the below over on the old BT thread in error. I'll post...

I posted the below over on the old BT thread in error. I'll post it here as well as I know a lot of neophyte traders/investors lurk around this learned group.....

"Apart from the aforementioned RMS and WGX, I have sat on the sidelines this last month, for good reason. The bottom of this intermediate downtrend was reached exactly on Xmas eve. Up until then, average daily volume on the XAO was 908M. Over the summer holidays, when the big trading desks and the big time traders have been on hiatus, average volume was only 583M. The volume this week is back around the higher 800M's, but we're yet to breach last week's high.

There's a message there.

The point being that a rally on thin volume is not a rally at all, but more likely a sucker punch.

Checking out the sector/sub sectors at the end of this week will point you in the direction of where the (big/smart) money is flowing, and where it's leaving. More importantly, it will tell you if this rally has legs"