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

Thursday, September 22, 2011

Stocks End Sharply Lower After Fed Decision

Stocks closed near session lows after selling off sharply in the final hour Wednesday as investors were cautious over the Fed's grim outlook, even as it proposed plans to ramp up its aid to help the economy.


The Fed announced it would launch a new $400 billion program in a move to rebalance its $2.87 trillion portfolio—a version of the widely expected Operation Twist—by selling shorter-term notes and using those funds to purchase longer-dated Treasurys.

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