"Volume is shrinking on rising prices. This it typical
topping action, also seen at the 2007 top. This does not mean
prices will plunge any time soon, however it does mean the odds are
rising that a long and protracted resumption of the Bear Market is
approaching."
I mean, isn't that what Matt and Steve have been saying for
several weeks now.
And if today's weak volume is just because of the holiday, what
kind of meteoric rise can we expect tomorrow? But in the tradition
of most other newsletter writers, we could see a large rise unless
we see a decline!!! LOL.
It's clear to all that volume is no longer a requirement for a
sustained rally. We've had some of the lowest volume days in the
last week but we up big.
At some point this will come home to roost but not now.
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Mchugh must be a BPT subscriber
Posted by perthx on 11th of Nov 2009 at 02:55 pm
He says:
"Volume is shrinking on rising prices. This it typical topping action, also seen at the 2007 top. This does not mean prices will plunge any time soon, however it does mean the odds are rising that a long and protracted resumption of the Bear Market is approaching."
I mean, isn't that what Matt and Steve have been saying for several weeks now.
And if today's weak volume is just because of the holiday, what kind of meteoric rise can we expect tomorrow? But in the tradition of most other newsletter writers, we could see a large rise unless we see a decline!!! LOL.
Volume
Posted by mkrmdz on 11th of Nov 2009 at 04:25 pm
It's clear to all that volume is no longer a requirement for a sustained rally. We've had some of the lowest volume days in the last week but we up big.
At some point this will come home to roost but not now.