RE: RE: Weak hands played out "But at what level, pray tell, does the volume become a tip?"
@Esteban : That's the tricky part, all right, because it will always be a function of recent trading volume. Generally, I consider a "tip" when one of the two criteria are met :
1. A daily volume that is 30% or more than the 10-day average volume ; or
2. Larger-than-usual blocks suddenly showing up on the tape, and more often than not on upticks or even-ticks.
Yes, you have to be watching the tape and doing the average volume calculations so it requires active involvement by yourself or your broker or advisor. But it's worth the effort.