Friday, May 05, 2006

ER2 Vol vs close graphic



Two outliers high volume points mark solid and more recent s/r.

It looks a bit like a gap to fill down to around 778, and I would expect that to be an area of consolidation at some point.

In general ER2 being at an all time High, there is no climax in volume at the upper end and so no real cap exists on it as of now, looking at it from only the viewpoint of volume and close.