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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Boca_PETE who wrote (2087)11/10/1997 9:22:00 PM
From: mister topes  Read Replies (1) of 42834
 
It appears you are confusing this volume issue by mixing the
notion of absolute volume with relative volume.
The volume on the October 27 benchmark low trading day that
Brinker as described frequently on Moneytalk was 685 million
shares despite the fact that the market was closed from 2:35 pm
to 3:05 pm and from 3:30 pm to 4 pm. This is the number to watch
because it is the volume on the day of the benchmark low of
S & P 500 877 and Dow 7161 and Nasdaq 1535. Should any subsequent
test of the lows develop in the sessions ahead, any volume below
this 685 million share level would qualify as a lower volume test
and obviously the lower the better as this clearly demonstrates the
lack of selling pressure during the testing process. Thats that.
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