Guys: what is wrong with you? I thought you were professionals. Here is what matters: 1. Volume on Tuesday was lower than on Wednesday, which means that market is not yet in a mark up phase. 2. Big move of Tuesday coupled with opening gap + volume tells us to expect a retreat. 3. High was achieved at beginning of session which means market will likely end at low end of range. Pay attention to this: Market did not break low of yesterday (the last time I checked). That is important to note. I think we are in a range bound, and strong hands if there are any would be accumulating. After accumulation would done, then there would be a mark-up which happens with higher prices and higher volume. Now does the above makes sense to you or not?
"I don't get where you come up with the less than half the average idea. Here's NYSE total daily volume for the last 10 months or so." yhoo 3 month charts