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Nasdaq Composite Volume Situation

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#1 SemiBizz


    Volume Dynamics Specialist

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Posted 22 January 2007 - 11:39 AM


Volume has declined since Thursday's deluge, that normally sets up a bullish spring retracement leg somewhere. If the bulls can reverse the volume trend and take the market higher on higher volume then this was a correction . If not, then it is what it is right here... FAST MARKET DOWNTREND. Long legs followed by small retracements. The last leg down was a HIGH VOLUME 56 pts DOWN with a LIGHT VOLUME 16 pts UP retracement.

Edited by SemiBizz, 22 January 2007 - 11:40 AM.

Price and Volume Forensics Specialist

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Volume is the only vote that matters... the ultimate sentiment poll.