Thursday, August 13, 2009

08.13.09 - Volume? What Volume?

Internals are slowly gaining strength at the mid-day after a highly tradable opening range. However, the nascent strength has yet to be much reflected in price action and cumulative tick, while positively sloping, remains net negative. Volume is about the lowest I can recall seeing in a very long time, so as boring as this lull is, trader's have to be prepared for the possibility of a fast break either way.

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