Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Friday, December 3, 2010

Stocks Continue December Rally to End Higher

Stocks rallied for second consecutive day following upbeat economic reports that revived hopes of a stronger U.S. economy and news the European Central Bank was buying euro zone debt. The Dow Jones Industrial Average rose 106.63 points, or nearly 1 percent, to close at 11,362.41. The rally came a day after the market surged more than 2 percent, erasing November's losses, leading to a 3.24 percent gain in the blue-chip index for December.


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