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 8, 2011

Stocks rally after Germany upholds bailout plan

NEW YORK (AP) -- U.S. stocks rallied for the first time in three days Wednesday after a German court backed the country's role in bailing out other European countries. The ruling renewed hopes that Europe will find a solution to its long-running debt problems.

The Dow Jones industrial average jumped 253 points, or 2.3 percent, to 11,392 at 2:30 p.m. EST. The Dow and other U.S. indexes fell over the previous three days on worries about Europe's debt woes and weakness in the U.S. jobs market. All 30 stocks in the Dow rose.

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