At this rate the only metric to gauge the stock market will be how big the L2 order book is. Any time, any time, there is a pick up in volume, over the past 3 months, the market has dropped. Plain and simple. Consolidation to the downside will be very entertaining.
Chart translation:
volume drops, market surges
volume surges, market drops
volume now dropping, market going up.
And that completes Efficient Market Theory for 2010.
http://www.zerohedge.com/article/intraday-volume-update-volume-plunges-market-volume-surge-market-down
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