Monday afternoon April 27 2020
The previous posts from EWI showed how in Fall 2007 volume declined into the top recorded that Fall. The same thing is happening now. Volume was way higher at the March 23 low. Volume has declined all the way up. The MAs will need to come together, I was wrong that this week would roll over
it will take longer than that, boosting the confidence of the new bulls.
Small Cap Volume
Volume is the lowest of the entire rally, danger ahead.
The hills are alive with the sound of the
economy re openning
The idea is that business bursts back, no problem
what if no one shows up
That is the more likely end of Wave 2
The headlines in the WSJ today could not have been worse, GDP slumps, unemployment 22 million, Europe on the skids, no doubt the FED money has made this rally last longer than expected but don't expect it to last
One last eample of fading volume, SLV silver
/declining volume at bottom indicates a fading rally.
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