SPY

Well, the Q's fared the best for the week, able to hold on to a good portion of the gains from yesterday. It was a very whippy day for those Q's, lot's of wick in those candles, with very steep retracements (people quick to take profits?). The SPY was a little calmer, but price just seemed to be acting very odd, particularly around vwap towards the end of the day.
I was watching the SPY today and took notice of something interesting to me. On a 10-point range bar chart I have plots applied to indicate volume breakouts (80% above average). I noticed these volume breakouts can just as legitimately create the patterns we look for in our charts. No rocket science here, just a way of possibly confirming what we're looking to trade.The 20-point cleans things up a bitThe Dow closed this week at it's lowest level since March of '03Can't wait to see how this chart turns out, we're half-way through this current candle