Volume is outstanding today...another 2B share+ day, could be close to 2.5B...
I don't know what the A/D line on the Nasdaq currently says, but it must be quite strong, for the 50 stocks I follow...all are green....Technicians will really like the big volume, strong A/D line...
Here's another interesting idea (came up with this one last night): In the last 20 trading session, the Nasdaq is only up 3 of those sessions.....the sequence (starting 20 sessions ago): 5 Down Sessions, 1 Up, 3 Down Sessions, 1 Up, 6 Down Sessions, 1 Up, 3 Down Sessions....(thru yesterday's close)
We are up today, my "new" theory is that we will know we've bottomed when we put together 3 straight up days (or more)- following an explosive up day.....well, we got the explosive up day today....all we need is follow through... |
