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Technology Stocks : Semi Equipment Analysis
SOXX 312.76+1.1%4:00 PM EST
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To: Jacob Snyder who wrote (53830)9/22/2011 5:31:49 PM
From: Ian@SI1 Recommendation  Read Replies (2) of 95536
 
Jacob or RTS,

Any comments on this Briefing Statement:

All of the action brought plenty of participants in from the sidelines. In turn, share volume on the NYSE climbed to more than 1.7 billion. Advancing volume outnumbered declining volume by more than 50-to-1 on the Big Board.

Clearly, either this statement is just flat out wrong, OR, the specialists on the trading floor would seem to be betting against those institutions doing high frequency trading. i.e.Declining volume beat Advancing by almost 4:1 in consolidated trading.

If the Briefing statement is correct, is this just an anomaly or can some TA insight be gained?

Thanks,
Ian.
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