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Bed Bath & Beyond Inc. Message Board

  • clarkbargirl clarkbargirl May 8, 2007 8:03 AM Flag


    Technical Analysis 101 tells us that overall trading volume should match market direction as a confirmation of trend. In other words, a bull market should show higher volume on advances and lower volume on declines. The fact that there exists such a large divergence in US equities implies that the medium-term rally is not as healthy as a bull would hope. The S&P 500 Index has rallied in 11 of the past 12 months�no small feat by any standard. Yet we see that the number of shares changing hands has dropped significantly through the same period. Given that the index is approaching new highs, such developments leave doubts on the potential for longer-term extension. If the overall stock market continues to climb to record highs on falling interest, one can easily expect that a large-scale correction may be in order.

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