you can see that the volume pattern of Dow and Naz in prior year of June 2nd week is in "increase mood", until today.
One side topic: BusinessWeek published more than twice in last month that how much cash the tech companies holding ... to imply that tech is the only safe heaven. This "fact" is so obvious to everyone that it is interesting to see the media starting selling it hard to the public.
My guess? well, look over tech balance sheet, they hold most of their cash (sometimes 60-70%) in a category called "short term investment" , in other words: 13 weeks bond, I guess... Looking at the recent bond market, I might hear some bells ringing in tech soon
Today volume is low? Why? Here are the volume in the past four days, respectively:
5,282,165,000
5,288,693,000
5,282,838,000
5,487,545,000 (6/12/09)
Source: NYSE
Here are nasdq volume in the past four days, repectively:
2,230,086,145
2,350,726,331
2,301,373,602
2,404,145,945 (6/12/09)
Source: Nasdaq