MARKET BOTTOMS AND VOLUME
25 April 2009 by TPC
1 Comment
Great piece here by Bill Hester at Hussmanfunds. In essence, Hester shows that if this is the ultimate bottom in this bear market it would be the first of its kind to end on extremely high volume and rise on extremely low volume. In essence, this would be the kind of outlier event that should not occur, statistically speaking. This only reinforces my belief that we haven’t seen the final bottom of the bear market.
More on this topic
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Market Volume In Downtrend
(Disciplined Approach to Investing, 4/13/09)
Stocks Drop on Low Volume
(Investment U, 7/6/09)
Eye on Volume: Another Look at a Strong Indicator
(Contrarian Profits, 5/20/09)
A Rally With No Volume?
(Shocked Investor, 5/6/09)
Yep, good stuff over there at Hussman Funds. He's a must read every week for me. And would be even if I didn't have a chunk of my money with Dr. Hussman.
As you undoubtedly know, he's not buying this rally at all. Still tightly hedged, waiting on truly good valuations. There's much to play out still.