Tuesday, May 18, 2010

May Showers Bring More Green Shoots?

Stocks reversed deep losses yesterday to close fairly unchanged, many will rush too say the correction is over.

Underneath the action we still had 66% down volume, masking the efforts. Should strong upside volume now expand, that argument can be brought up again. But IMHO we are seeing the natural reaction to a (FRIDAY) 90% downside volume day that could settle markets for a few days.


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