Thursday, March 18, 2010

SPX's volume was light today, at 3.579 billion shares

SPX's (S & P 500) volume was light today, at 3.579 billion shares vs 60 day EMA at 3.869 bln sh, which suggests that the Monthly Upcycle since 2-5-10 probably didn't peak yet, because, normally, a dramatic volume spike will confirm/coincide closely with a price spike/cycle high, see http://bit.ly/i0nsT.

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