David Stafford's  Instablog

"If we need that extra push over the cliff, do ya know what we do?"

"Put it up to 11"

"Exactly"

In the satirical film Spinal Tap, there is a discussion of turning up volume etc. up to 11 to get more a boost from speakers/amps.

Volume is a good thing. One of the more basic tenets of technical analysis is that; volume into a "trend" is a sign of a strengthening and or strong trend.

In the 3 peaks scenario that was mentioned in the past couple of posts one can notice that there was strong volume particularly around upward jumps in price for MPW.

Today, though there is some negative price-volume association, the volume movements in general, are displaying more of a positive correlation, as has been the trend over the past couple of days or so.

Hence, perhaps going forward, if some investors were "spooked" by the past macro based drop in MPW's price, along with the rest of the market, perhaps knowing of this strong volume, and seeing the recent gains, will help them sleep a little easier.

It may not be a feather filled comforter, it may not be the hum of a blowing wind, but perhaps, this faith or at least "hope" in this stock's future price gains, may lull the surprises of the previous price drops into a somber state.