SPDR S&P 500 (SPY): Todays volume I was thinking the same t...

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Re: learningboutinv post# 54518

Wednesday, 07/02/2008 10:11:46 PM

Wednesday, July 02, 2008 10:11:46 PM

Todays volume
I was thinking the same thing , so I looked at the volume on the QQQQ. What I find interesting is that yesterday's vol on the Q's was the highest since the March lows volume. That got engulfed today. I am wondering if that has any ramifications to the last engulfing print today?
The same is true for the othe major ETFs , yesterdays vol was heaviest since the March lows , very interesting. Yesterday's key reversal day got engulfed today. Even yesterdays volume being that heavy , would have been better if it had been off the charts.
Can we really expect a candle pattern reversal on a shortened week on a half day of trading , on the day a job report for June comes out? You bet , anything can happen in this crazy market.
Oil again is the key , and it will be trading Friday as we all celebrate our independence!
I really want to see oil correct and hard!
Woodfish

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