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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Logain Ablar who wrote (45053)10/10/2008 12:59:37 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 71038
 
The markets are closed here in Canada on Monday for Thanksgiving.
We will see if the market reaches a new volume record going into the close.



To: Logain Ablar who wrote (45053)10/10/2008 2:00:36 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 71038
 
Only 2 hours of trading left. It is going to be close if we get a record. It would be a little suspect also as the volume may be more due to traders not wanted to hold positions over the weekend.

Dow 8,019.02 -560.17 -6.53%
Chart for Dow
Nasdaq 1,543.16 -101.96 -6.20%
Chart for Nasdaq
S&P 500 845.66 -64.26 -7.06%
Chart for S&P 500
30-yr Bond 4.1370% +0.0170
Chart for 30-yr Bond
NYSE Volume 6,739,928,500
Chart for NYSE Volume
Nasdaq Volume 2,439,052,000

Did the ban on shorting financial stocks come off earlier this week. This may explain the current weakness. All the pent up demand for shorting is getting unwound.