Heavy Volume Sell Off

Dow[/u]
10,276.71
-41.45
(-0.40%)

[color=#0000ff]Nasdaq (http://finance.yahoo.com/q?d=t&s=^IXIC)
1,902.61
-12.79
(-0.67%)

S&P 500 (http://finance.yahoo.com/q?d=t&s=^GSPC)
1,124.39
-3.94
(-0.35%)

10-Yr Bond (http://finance.yahoo.com/q?d=t&s=^TNX)
4.158%
+0.025

NYSE Volume (http://finance.yahoo.com/q?d=t&s=^TV.N)
92,219,000

[color=#cccccc][color=#0000ff]Reuters (http://finance.yahoo.com/q?d=t&s=^TV.O)
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[Bullitt]

FYI: Today was the biggest NYSE ratio of down volume to up volume in this entire cyclical bull. It came in at 70:1.

Maybe a low volume bounce is warranted here.

[Bullitt]

Here's our low volume bounce that's been in check for a few days now. IBD will have a hard time calling this their Follow Through Day since volume is absolutely abysmal, but maybe it will be construed as day one of the rally.

Low volume, what more do you expect on a day when indicies are up 2-3%?

[fedgolfer]

Volume doesn't tell the story intraday anymore. Oh, and the S fund was up 4% and I fund over 5% (maybe closer to 7% if they ante up on the FV).

[Bullitt]

Volume doesn't tell the story intraday anymore. Oh, and the S fund was up 4% and I fund over 5% (maybe closer to 7% if they ante up on the FV).

I know, I know, it's different this time. Only on days when the market gets hammered volume matters I guess. Good for you if you made money today. I noticed that the market was up big on low volume as you stated, hence the post I made earlier, but thanks for the FV update.

Just remember that big up days don't happen in a righteous bull. Here's a good article to refresh: http://www.zealllc.com/2008/bigspx.htm

[fedgolfer]

I never said volume doesn't count on down days. I said wait for the final print, which usually lags. If you look at intraday volume going back 10 trading days, you will see accumulation, not distribution from 5/21 through yesterday, they big boys bought right you were doing your bear dance in the pink tutu. Today, we agree were short squeezers and chasers. And, if you read my posts, I've never counted the bear out and still don't.

[Bullitt]

I never said volume doesn't count on down days. I said wait for the final print, which usually lags. If you look at intraday volume going back 10 trading days, you will see accumulation, not distribution from 5/21 through yesterday.

I only go by Investors Business Daily's count of Acc/Dist and they go by end of day. With that, distribution days way outnumber accumulation days. (NYSE, DJIA, COMPQ have zero accumulation days). But hey, I'm willing to learn so please teach my how I can get an accurate representation of 'intraday volume'. Does that mean when Bob Pisani or some other CNBC commentator comes out and says 'Gee, buyers are stepping in here', or is it a real study? Either way, I'd like to learn it.

I'm looking long like everyone else brother. I'm just not jumping the gun with what I perceive to be bearish action as of late. I guess people like you and me are what makes a market.

[Birchtree]

Bullitt,

That was an excellent read. We are now playing the institutional game while mom and pop are hiding out in the bond market. The way they move money might change some of the rally statistics going forward - why not have a 1,000 point move to the upside. When the herd moves in tandem its get me in at any price and they'll chase. All we as small investors can do is ride the thunder or catch a ride on the rocket - but one has to be prepared for any outcome. I forget the term used for the fear of being buried alive - but I know it exists.

[Bullitt]

BT. You know, I think you actually posted that article in your thread back in the day.

1,000 point day? How about a 1,000 point day in the S&P 500. That would make me say, "wild thing, I think I love you".

[WorkFE]

How about a 1,000 point day in the S&P 500. That would make me say, "wild thing, I think I love you".

Personally, if that ever happened, I would say thank you and then I go hide in the G until the 1000 point down day.:D

[Boghie]

If we got a 1000 point S&P 500 day I would:


Kick myself in the buttocks if I were sitting where I sit now
or, think about retiring and moving assets to a self-directed IRA

And, toast BT and CH for getting me back into the game:p

[Rustynutt]

Bullitt,

That was an excellent read. We are now playing the institutional game while mom and pop are hiding out in the bond market. The way they move money might change some of the rally statistics going forward - why not have a 1,000 point move to the upside. When the herd moves in tandem its get me in at any price and they'll chase. All we as small investors can do is ride the thunder or catch a ride on the rocket - but one has to be prepared for any outcome. I forget the term used for the fear of being buried alive - but I know it exists.

taphophobia