MU rally from 41.5 did not start until 1549 on Monday,
here is the volume at the START of each minute, and
the approx. volume in SHARES for the preceding 60 seconds:
time price approx. volume preceding 60 seconds
1549 41.5 32,000
1550 41.875 14,000
1551 41.875 8,000
1552 42.0625 10,000
1553 42.125 38,000
1554 42.1875 3,000
1555 42.3125 4,000
1556 42.625 31,000
1557 42.625 32,000
1558 42.9375 18,000
1559 43 25,000
So you see, the first $1.5 and the first 10 minutes
of this rally was on EXTREMELY THIN volume. MU had
been flat at 41.5 for about 4 minutes. That's why I
say it started with short covering, especially day
traders. Then buy-to-cover stops were quickly taken out.
Actually, for 5 of the first 6 minutes of the "rally",
volume was lower than in any of the 4 1-minute periods
preceding the rally, when the price was flat
Land_Lubber |
