John Ward Studies of FTDs by William O'Neil's firm prove that volume being above or below average on the FTD has no bearing on its success
10/18/11
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Joshua Hayes Day 6 of rally attempt still no FTD. Chances of rally failing greatly increasing. Nassy at June lows, Aug/Sept highs. #trendfollowing
10/11/11
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TruffelPig: The closer one gets to resistance the larger the chance of rally failing ;P. I have still hopes it won't fail attempt 6.
10/11/11
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Joshua Hayes Despite today's rally my long scans are empty and the volume is too low for a FTD. Sentiment is still very bearish. Look at put/call 2day.