PRICE/VOLUME RELATIONSHIP IS IN

As I suspected it is Close up/Volume down and it is overwhelmingly dominant so the chances of today having created a 1-day overbought condition are very good. This is not good news for the rally/bounce, it doesn't mean that it is totally done, but the chances go up significantly when the P/V relationship is as lopsided as it is today. Of the 4 relationships, it is easily double the second most dominant relationship, and in many cases somewhere around 65% of the 4 possible relationships.