Super Strong Volume Today 08-28-08

Quote from Mvic:

Good volume in financials likely due to short covering, the rest of the market was anemic at best in terms of volume.
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Agreed.

Aside from some ETF's in the energy sector like the UNG ( traded 31 million shares or 6 times its normal volume ), overall volume on the NYSE and in the DJI was anemic at best.

Quite typical of a Holiday Week.
:)
 
Quote from Aaron Copland:

Wow seems the big boys are in buying hand over fist today.
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Not sure what you're specifically looking at since you don't say. But the ES volume was only slightly greater than yesterday's volume and well below the average volume for the last 20 trading days.
 
Super-strong?? Strong??? There isn't even average volume today!! What are you guys smoking? Quote from Briefing.com

Thursday marked another low volume session for stocks......

Trading volume on the NYSE failed to break one billion shares for the ninth straight session. Volume typically exceeds the one billion shares mark with relative ease.

Big vacation week for U.S. that will last until mid next week.
 
We had 3 up day plus DELL bad news. Tomorrow is more likely a range or a down day. Unless they break the 1300 level aggressively.
 
Quote from The Swordsman:

Right, there is no "super strong" volume today, hell there isn't even strong volume. Its a slow drift higher on average volume.

Copland, get your head out of your ass :)
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Geesh what took you so long? I was hoping to get slammed a lot quicker. Glad someone was paying attention.
 
Well let hopefull see what happens tomorrow
thank to Dell the nasdaq might see a tuff time
But i think there is a lot of short covering coming in before GS earning report and there will be more covering ( short Squeeze ) coming in till september.
only after that we will know where we really are
I wish i had bought Abk For 1.27 right now $7.00
Mbia at $5.00 now at $13 i think :(
Mer i got in at $25 but now only $27.50 WTF
 
----Volume is a consideration that can largely be ignored. It is not an essential element for successful trading and is easily misinterpreted. Thank you for your time.
 
Your opinion is duly noted and will be strongly disagreed with. Thank you for your time.

Quote from Buy1Sell2:

----Volume is a consideration that can largely be ignored. It is not an essential element for successful trading and is easily misinterpreted. Thank you for your time.
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