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First Sequential Monthly Increase In Stock Volume Since March
The declining market volume as computers have taken over day trading, has been no surprise to anyone. What should come as a surprise is that October is the first month in which there is a volume pick up sequentially. With the end of the fiscal year for many market participants, is the time to look for greater fools finally here?
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Look TD, how many times must it be said?? There is a shi*load of liquidity in the markets still and gosh darn it DOW 50,000 here we come....now are you fu**ers with me or not?
{Sting get your finger outta there.}
"MARK IT ZERO, DUDE"
That stupid rally yesterday was bound to cause a correction down-which corresponds to a FAILED intermediate term rally retry at 10100. Failed rally= longer term decline and begins the deleveraging and dollar rebound. Blowback.
Looks like they are trying to make it the second of a sequence of 3 big oversized up move and 1 marginal miniscule down move. So I expect Santa Claus will come save the day for December, New Years Party Kool Aid drinking binge in January and Chinese New Years Celebration in February as the catalysts for the next 3 months.
Yesterday was a bounce on the SPX trendline. Today if they're not careful we'll break through. RUT is long gone. It's over. That wasn't even much of an attempt to reclaim it yesterday. Time to look at Fibs from the March low, methinks. 38.2% to be exact.
Frankly it only makes sense. The big guys ran out of inventory and time for them to bring it down and load up slowly untill the right time to pump it back. In the meantime,pension funds can afford to wait,since most of retirees leave there stocks portfolios for their grandkids. So there grandkids can be rich in the 22 nd century...