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Nasdaq Composite Volume Situation


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#1 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
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Posted 23 January 2007 - 10:42 AM

This bullish spring is coming on light volume here. There was a delay on the triggering the spring so we might see sideways UP action here until this bearish upthrust sets up the next leg DOWN on VOLUME.

Today's Volume on first 60 min is 414M vs yesterday's 481M. We should get a reversal between here and 2454...

http://bigcharts.mar...&mocktick=1.gif




Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

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

http://twitter.com/VolumeDynamics


#2 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 22,730 posts

Posted 23 January 2007 - 11:33 AM

On the 120 Min we're now 100M short of yesterday's volume, 300M short of Thursday. In other words we're going up on about 70% of the volume we went down on, on Thursday.. This should get really ugly... Of course volume to upside could come in, I don't see that here though.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

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

http://twitter.com/VolumeDynamics