Monday, June 21, 2010

Big Volume

Another day on the high volume - now, we may see it on almost all indexes. Still, the Russell 2000 index has the biggest volume surge.

I think something is going on. As you know, volume is always two side transactions and the number of sold shares is always the same as number of bought shares which is equal to volume. Price moves up because there are traders willing to buy at higher than the current market price. surge at high price means that somebody (who has huge number of shares – could be institutional investors) decided to dump those shares to bullish traders and fix profit.Posted byTraderJoeat9:47 PM

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