Friday, August 14, 2009

Volume Low & Price High Often Leads to a Pullback

The Quantifinder came up with quite a few studies last. Below is one that last appeared in the June 15, 2009 Subscriber Letter. (Stats are updated through 8/13/09.)

(click to enlarge)

This would suggest a pullback over the next few days is likely. While the pullback hasn’t necessarily been severe, it has been consistent.


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