Is volume going to turn the corner?
posted on
Nov 07, 2019 02:54PM
We've had 4 straight days of declining volume....677K last Friday, then 324K on Monday, 58K Tuesday and 53K yesterday. So far today I'm seeing ~70K total as I write this.
I do believe that price movement affects volume...if the PPS starts climbing buyers are attracted imo, and shareholders may decide to add. And I also believe that this is where short selling can be used, especially by MMs....to halt a + price move, and thus cool off buying.
I'm hoping we see volumes start increasing as we move closer and closer to data, data, data....and hopefully with a rising PPS to go along with it. I don't think volumes will increase unless the PPS starts making moves higher.