Prices closed significantly lower and a big black candle appeared. This a bearish sign. As the candle is at a high level, it could be the first sign of a correction or reversal. Nobody will know for sure. Only time will tell.
Volume traded at 1.229 billion shares is much lower than the highest volume of 2.19 traded on 6.12.06. But compared to average volume during August to October 06, this is much higher.
Because of the quick run-up recently, the market has to pause for breath. Unless there is some bullish news, a downward drifting for awhile is most likely.
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the chart. This information should only be used by investors who are aware of the risk inherent in securities trading. This blog accepts no liability whatsoever for any loss arising from any use of this expert or its contents.