September 2008 Volume Detail

 Misc Commentary/Analysis  Comments Off on September 2008 Volume Detail
Apr 052010
 

This image is pretty self explanatory. It shows the trading detail in September 2008 during the huge selloff. Obviously, there were a lot of prices in the 1180’s virtually “skipped over”. The market will have a difficult time understanding those prices and once we get into the tail enough, we can expect a fast market up to the next known area of previous balance. The single prints start at 79 and the no prints start at 81. As I write this I see that we traded right up to the no-print zone overnight and rejected. 81 will be an important area to watch today, or whenever it gets re-tested. If we trade above it by much we are likely to move to 84, 86, or even 88 very quickly. Volume at price in this image is presented with 5 minute granularity…

 Posted by at 6:28 am