Banks falling with high volume

For the past few weeks, penny stocks has been hogging the top volume list cos they are cheap so people can buy lots of it and there was a lot of speculation going on. On Friday, i spotted OCBC in the top movers list. A look at the charts of OCBC, DBS and OUB revealed that all 3 fell with high volume. Some signs in the charts includes :

1. A/D line failing to make a new high while prices made a new high
2. Head and Shoulders formation confirmed
3. Prices hovering near 200d MA with 2 charts already breaking it
4. MACD failing to make a new high while prices made a new high

Not that sure what can be the implications of this. These counters are definitely darn expensive and if they can hog the top volume list, i'm pretty sure something is very wrong.

Anyway i asked myself how come i keep posting and forecasting on the different levels of support which the indices can fall to. The main thing now is to wait for the market to reach it's bottom and enter into it when signs of accumulation and upside momentum are taking place which can be seen by the technical indicators.