Big Volume Day Points To Turning Point
By Alex • Dec 22nd, 2008 • Category: Featured Story
Dow: 12-19-08
We saw a major increase in volume on Friday. This is interesting because it is right before the holiday and could be a major sell-off before the end of the year.
What does all this mean? After stocks pulled off of the day’s highs, a high volume sell-off took place and things look to head lower. We don’t know how much lower but it would be a great idea to jump into DXD or something along those lines.
We should see light volume for the last couple of trading days on the year so I wouldn’t be surprised if stocks drifted lower with mostly selling occurring.
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