RE:volume indicator this week (low volume)michaelr5 wrote: low convcition on the sell this week- 401k shares traded hands on the week.. range of 44-39..telling us most people are holding not selling here. last week was 1.7 million shares traded-range of .51-.41. Two weeks ago 1.7 million (same as last week) range of .54-.46. My guess is volume will prolly stay light for a couple weeks (fantastic buying oppt) speculation buying into AGM and Q2 should start next month... night longs.
Michael - I have a slightly different prospective on things. Once the stock spent 2 weeks below its 10 week M/A a lot of technicians would have already sold. The 10 week M/A is 42 cents.
Once the condition noted above materializes, you don't know where the bottom lies, as we are seeing evidence of that this morning.