Tuesday, March 6, 2012

Price -Volume Relations, Further Confirmation

Earlier I said I'd expect a dominant Price/Volume relationship in the market today.

Here it is, dominant and across all the major averages.

 NASDAQ 100 components

 Russell 2K Components

 SPX Components

Dow 30 Components.

All are dominant, all are the same, Close Down and Volume Up. In the context of where price is, this relationship is considered short term oversold and again, points to a probable bounce tomorrow.

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