Friday, May 7, 2010
Extreme Volume
The volume today and yesterday are extreme, off the charts. Even the most volatile days in 2008 didn't trade this much volume, even though the volatility was more extreme back then. The machines are running amok and to me, it seems like there are a lot more quants trading now than back in 2008. That probably explains much of the huge volume. The action today is kind of bearish, but we are very close to a bottom. Either today or Monday.
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2 comments:
if i were trading i would be scared of monday...its going to be a huge gap up or down.....
Any thoughts owl wheather that gap will fill?
I am leaning towards gap down for Monday, but I'm not going to hold any overnight positions.
The gap from Monday to Tuesday? It will take a long time.
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