I noticed on charts of Nasdaq nad SP500 that volume declined during this week. It means that stocks are moving up on lower volume then was during strong sell off. It means for me that buyers are not coming strongly into market. It was much more short covering rally. It is also another signal for me to be more bearish then bullish.

This entry was posted on Friday, April 4th, 2008 at 3:17 am and is filed under Stock market chart analysis, Stock market comment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.