June 2006
Beginner
352 pages
7h 6m
English
Not all volume spikes have lasting technical meaning. In the stock market, dividend capture strategies, legal insider activities, options expirations, and changes to indices often lead to high-volume days. Futures markets also can have spikes during expirations and rollover periods. First Union Corp volume spiked higher in September 1997 but did not set a new rally high, break from a trading range, or technical pattern (see Figure 32.4). In this case, it was the result of a pending joint venture.
The bottom line is that volume spikes have different meanings depending on where ...
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