Posted by magann14 on 15th of Oct 2011 at 05:45 pm
Looking at the volume patterns in the S&P 500 since August
1st shows that volume has increased on declines and decreased
during the reaction rallies. The up and down moves have been
on average 7 days in length...so this last move is now 10 trading
days long. Couple that with Matt and Steve's wave counts and
marketguy's negative divergence....I would think next week should
be to the downside.
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Volume Patterns
Posted by magann14 on 15th of Oct 2011 at 05:45 pm
Looking at the volume patterns in the S&P 500 since August 1st shows that volume has increased on declines and decreased during the reaction rallies. The up and down moves have been on average 7 days in length...so this last move is now 10 trading days long. Couple that with Matt and Steve's wave counts and marketguy's negative divergence....I would think next week should be to the downside.