A low volume rally after a crash is much different than a low volume rally after something far less cataclysmic. This could easily be attributed to the non-demand for market participation after so many people got burnt the fk up during the crash. Two things stick out to me.
1. Due to my first point, there is no way to tell on what volume the market is operating. Any volume analysis finds it validity in the market volume potential, which at this point has been obscured by a very large event that could have effected market volume potential. So we can not accurately say "low volume". "low" relative to what? A pre crashed market?
2. The rally has demonstrated uncanny resilience through this "low volume" rally. That says to me that this is no low volume rally at all, but possibly a high volume rally.
Shoot.
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