Tuesday, July 21, 2009

Accumulation Volume Picking Up To Downside

As seems to be the case all too often, volume picks up only when the market starts dropping. Updays see a general decline in relative volume, compensated only by downdays: basically fewer and fewer trade to the upside and only the liquidity providers give the illusion that there is notable volume which is "pushing" the market higher. Down days expose this for the scam it is.

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