Technical Analysis With Charts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis With Charts

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: MACD X	12/31/2006 5:32:16 AM
	of 6865

June 2006 bottom looks pretty significant stockcharts.com This chart has me scratching my bald head. The QQQQ is a widely traded ETF that pretty well nails down the feelings of the market. What we can see on the chart that the volume in the 2006 bottom was more significant than that of the 2002 bottom. Usually at bottoms you would expect large red volume bars near the low with large black volume bars at the trend change, This was the case in both situations but the one in 2006 was more significant, meaning the market players were even more bearish at the 2006 bottom than the 2002 bottom. This is why I have said that I believe there are too many bears in the house to have a meaning full market decline and that more rally will have to take place to undue this situation. You would think that higher volume now than back then would be due to more traders trading the QQQQ now than back then but as you can see the volume is almost flat for the last 4 years overall, this is also amazing being that the overall volume of the market has rose dramtically during this time. This leads me to believe that the QQQQ has lost some of its appeal.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next