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

Saturday, July 30, 2011

Late Sell-Off Closes Bad Week for Stocks

A difficult week on Wall Street came to a dismal end, with storm clouds of another recession and a crippling debt crisis circling overhead and dampening investor appetite for risk.

Major averages again sold off into the close, capping a week in which the market lost more than 4 percent and prepared for the worst that could lie ahead. Washington leaders failed to reach an agreement on raising the $14.3 trillion debt ceiling, setting the table for more troubles when the market reopens next week.

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