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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST
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To: Zeev Hed who wrote (80957)7/29/2001 12:12:28 PM
From: mishedlo  Read Replies (1) of 99985
 
Zeev, That is why it seemed distributory to me but I wanted other opinions. If volume was steadily rising I think it would have been more convincing. But Double volume without the stock going anywhere. Also note the double volume decline starting from about 54-55 area. How convenient that we gap back up to that level (on for all practical purposes ZERO volume) so we can start the process all over again.

M
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