Wednesday, January 25, 2012

Volume precedes price ?

I watched today a video on Bloomberg of Joe Granville.  He's predicting that markets have made a top and will start falling for the remaining of the year.

According to him, volumes precedes price.  So we would see lower volumes before seeing the prices dropping.

Here's a chart of the total volume traded in the US stock market, I'll let you draw your own conclusions !

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