Monday, August 27th, 2007
Note: it’s been a low-volume rally
After a correction I like to see a big-volume up day before buying. It’s usually necessary to give the market some sustainable momentum.
As you can see in the chart below, volume has been absent so far
It’s not the end of the world, because a big-volume rise may come soon.
But until I see that, I’m cautious.
(click on image below)
This entry was posted on Monday, August 27th, 2007 at 10:28 am and is filed under Market direction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
