SPY, $SPX, $NYTV, QQQ, $COMP, IWM: HHMLV or CHMLV -- A test of Timing the Trade

If there was ever a test of O'B's Timing the Trade concept of volume at Swing Highs for this market, we are in the midst of it. 

Major indexes and related ETFs that have prices above (Higher [Swing] High, Much Lower Volume: HHMLV) or challenging prior swing highs with MUCH lower volume (Challenged High with MUCH Lower Volume CHMLV)  include: SPY, $SPX, $NYTV, QQQ, $COMP, and IWM.

O'B would rant and rave about this, indicating the instability of such price increases.  Yet the fact is the Dow is at 12642.50 today, 3% above the October 27th SH, which had 1.3b shares traded; the highest volume day since that level was exceeded was 1.0b, with most days around 0.5b.  

If the market goes up from here, it will be another coffin nail for use of Timing the Trade under the prevailing market conditions.