
Quote from shortie:
Market Volume Explodes To Third Highest Since Flash Crash As FNSR Implodes For Second Time In A Row
Tyler Durden's picture
Submitted by Tyler Durden on 06/15/2011 16:41 -0400
Stock volume, hiding for so long, finally made an appearance. The all dominating ES, which determines the stock price for virtually every other security in the stock market, surged to 3.7 million shares, the 3rd highest in 2011, with only the post-Fukushima nuclear explosion panic from March, when the Nikkei briefly went bidless, higher, and also the third highest since the Flash Crash days of last May. As reported earilier, now that all support lines have been breached, the next bounce can be expected at around 1,244 or the 200 DMA. Should that be taken out and it will be to make way for Operation Twist 2, we will promptly see the 1,150s once again. After that, we are straight down to Jackson Hole levels.
http://www.zerohedge.com/article/ma...d-highest-flash-fnsr-implodes-second-time-row
sounds scary enough for you?
now keep in mind that this is coming from Zerohedge who would not be able to make a correct market call even if their lives depended on it.
what does it mean then? The bottom is likely in!
ES back to flat after jerking up a bit AH