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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (36991)6/12/2002 3:19:57 PM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
>2:40PM Market Volume : Total volume traded is on the heavy side. The Nasdaq has just cleared the 1.5 billion mark and should push 1.9 billion shares for the day. NYSE volume is also solid with 1.2 billion shares traded to this point in the session.<

Here's a trading definition for you-

CHURNING: After the market declines sharply for a few days, and follows this with a small net change on heavy volume, this churning action is a normal prelude to an important bullish reversal.