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Frank Pembleton

02/12/09 2:21 PM

#18297 RE: Frank Pembleton #18275

XGD: we've had very little volume, so far, today. Yesterday, the volume happened essentially in the first two hours of the day--with no follow up at the close. So I'm not surprised that we're flat today, if anything, I expected a test of the horizontal support line (in the chart below)...so I'm thinking the index is consolidating in mid-air, which to me says there aren't too many people who think this thing is going to come down. So if we get a high positive volume swing into the last hour, my guess is that we'll see another monster up day tomorrow.