Thursday, July 8, 2010

Where's the volume 8/7/2010


I dunno - where is it?

Volume got to over 1000Million today - but only just. And that's the lower end of the historical range. Still - I guess that's a big improvement on 716Million just 3 days ago.

Something very odd is going on in the market. It's hard to see how it can mount a bullish challenge on these volumes.

Nonetheless - today's action was impressive. We're back on the slow grind upwards - until we meet oversold again.

In the meantime - expect a couple of days of sideways to down consolidation before the next serious move up.

Cheers
Red


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