[Editor's Note: Continued thanks to DenaliGuide (click here) for his contributions.]
The top image is direct from the Stockcharts Blog. Looks pretty good doesnt it ?
That is UNTIL you see that the volume has been dropping since the rally started.
Gee I wonder what that means? Maybe I dont know what it means, but I DONT LIKE IT AT ALL. I may ride the tiger, on the way up, but that doesnt mean I think its a BULL RIDE. I think its more like a bear market rally.
Fun is Fun but care is called for, here.