Wednesday, March 21, 2007
As we move towards the close, once again volume is an issue. With 20 minutes to go as of this writing, NYSE volume is below yesterday! There is however a distortion - from 9:30 to 2:15 volume was in the "dead" catagory today as the market awaited the FOMC statement. IF there's upside follow through tomorrow, we'll have to see if there's a pick up volume; this is going to be an important factor in whether the market can get back to the recent highs.