The low volume = impending market crash? Joe Granville says so.

Quote from intradaybill:

Volume has been much higher than in the 2003-2007 bull run. I do not see why he thinks volume is lower. Can anyone else see lower volume on the charts?
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i 'm using several my own calculations and watching volume on stocks very closely(cause it's affects my trading a lot). i can assure you that the stock market is virtually dry.specially last few days.
on other hand-there is no major economic releases last week,no surprises or something that could move the market. market just stuck in range with bunch of tight range days. imo-participants are simply waiting for moment,when direction became more clear
 
Quote from kiwi_trader:

PLEASE NOTE:

The OP said he made the call yesterday.

In fact he made it a month ago ... and hmmm ... its gone up since then.
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Ever since I first saw Granville back in the 80's, I've always thought of him as a kook.
 
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