We may be making new highs today but we are running on fumes.
The 50 day ema volume for the
SPYis 182 million shares, today we have only done 81 and we are
over 1/2 through the day.
ole wall st. saying "Volume is Validity" , today we ain't got
it!
Heard a different take on the volume issue. The point made
was that the best that could happen here is for the volume to stay
low on the up moves. This maintains the doubt that's out
there and keeps the shorts active and thus more "fodder" for the
squeezes!
Light volumes
Posted by ditch on 17th of Mar 2010 at 12:51 pm
We may be making new highs today but we are running on fumes. The 50 day ema volume for the SPYis 182 million shares, today we have only done 81 and we are over 1/2 through the day.
ole wall st. saying "Volume is Validity" , today we ain't got it!
Title: Light volumes Heard a different
Posted by john9o9 on 17th of Mar 2010 at 01:16 pm
Heard a different take on the volume issue. The point made was that the best that could happen here is for the volume to stay low on the up moves. This maintains the doubt that's out there and keeps the shorts active and thus more "fodder" for the squeezes!
thats been the bear story
Posted by admagazu on 17th of Mar 2010 at 01:14 pm
thats been the bear story for the last 3000 points up.....