I think this was posted below, but we had capitulatory volume yesterday with 9-1 downside volume.
Interestingly this is the opposite to the upside thrust we saw a few months back yet tends to be associated with market bottoms. Will see.
downside volume
Started by
Tor
, Jun 08 2007 02:25 AM
2 replies to this topic
#1
Tor
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Posted 08 June 2007 - 02:25 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
wyocowboy
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Posted 08 June 2007 - 03:06 AM
I agree Tor, but I have a close eye on interest rates - if the bond market collapse continues, it may be best to step out of the way. A rebound is due in both stocks and bonds, so we will see what happens....
Good luck is with the man who doesn't include it in his plan.
- Graffitti
- Graffitti
#3
Tor
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Posted 08 June 2007 - 05:00 AM
I agree Tor, but I have a close eye on interest rates - if the bond market collapse continues, it may be best to step out of the way. A rebound is due in both stocks and bonds, so we will see what happens....
That I do agree with.
Everyone sees the oversold condition, but something may be lurkin out there.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
