Tuesday, October 4, 2011

ES Futures Rally On High Volume 10/04/11




The market rallied on high volume when the Financial Times reported that European finance ministers are looking at ways to coordinate recapitalizations of financial institutions. The market is interpreting this as a plan in the final stages.

High volume on an up day indicates that the big guns may be entering the market on the long side.

Charles

No comments:

Post a Comment