nyse trades prolly are the best to read. when u see relatively large trades taking out all the size on round numbers like if there was no tomorrow chances are it will move. i was in wag earlier and planned to keep my longs open 'till the close. that's cuz of the buying spree and nothing else. amazing those guys how much and where they are willing to buy...no matter the price, just let them in for gawd sake.
Thanks Bit for the serious reply. I should have mentioned in my op that I was referring to futures as I think stocks are a different animal altogether. Toronto Trader said that without accumulation prices would not move and I think this is more true of stocks where there is actual ownership but futures are a different sort of game, imo, where people do not generally hold for long periods of time and short term accumulation/distribution is a lot harder to track.