Thursday, August 6, 2009
NYSE Volume
Quick note on NYSE volume divergence that appeared yesterday intraday, as well as today at the moment. As the SPX was hitting lows around 10:45 yesterday, the NYSE up volume comprised about 58% of total volume, the divergence eventually resolved itself by prices moving higher. The same divergence is noted today, as I am writing, the up volume currently running at 67%, while the A/D line is at -600 (yesterday was about -1200). A look back in history since my data begain in 1996 shows that when up volume is greater than 65%, the probability of a higher close is 96.6%, median gain is 1.05%.
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