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本帖最后由 ypm968 于 2010-6-13 23:19 编辑
A lower volume day
We had another good session on Friday. S&P was up .44%, and closed above 1090. VIX was also closed below 30. Now we have 3 of 5 indices broke their downtrend lines. However, we didn't see strong volume on the breakout. Friday's volume is even much lower than Thursday's volume. All the works were done by the last half an hour push up. So I don't want to put too much into it. In the S&P daily chart you can see that volume is dropping day by day. The selling pressure is easing, that is good for the market. Maybe this correction is close to an end, but we need to see up volume picking up. I don't feel comfortable to buy here. I will wait S&P closes above 1110 to pull the trigger. |
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