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Strategies & Market Trends : Joe Stocks Trader Talk -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (39)	2/3/2002 7:55:56 PM
From: Joe Stocks	Respond to of 787

Dan, Great post. Naz volume for the week of Jan.14-18 was 1.15bil up and 7.8 bil down as shown in my local paper. The prior week, Jan 7-11 was 3.4 bil up and 6.3bil down for almost 2 to 1. I see your point and how the numbers could be skewed but taking the numbers for several weeks should level out some of those problems. As I said in my last post the raw daily numbers came very close to the weekly from a percentage view. Also you mentioned intraday. On down days the market makers will take advantage of the slower mid-day volume to enhance their long-short position so they can make market during the higher volume times of day going into the close. I don't know if that is the intraday volume activity that you speak off but that could be a possibility. Also, what's interesting, the NYSE high volume figures of late. A couple days they came close to matching the Nas total volume. Much of that could be centered around TYC and KM activity but interesting to watch to see if it develops more. XLF is not in the NYSE but it does represent financials of the S&P and it had a tremendous increase in volume. I hear there is a new book out about "volume" in trading. I'm looking forward to picking it up. Here is the chart for XLF. Look at the last 5 days. stockcharts.com[l,a]daclyyay[da][pc20!c50][vc60][iLb14!La12,26,9]&pref=G Joe