Price Follows Volume

“Price” follows volume… or at least it should in any real world where the markets are left unfettered to discover true and real values.  Zero Hedge put out a short piece with a chart which I knew had been occurring but in the midst of all the other disinformation that needs to be filtered out I had forgotten about.

NYSE Matched Volume Drops To New Decade Low In February

Volume on the NYSE is now at 10 year lows and as you can see, volume increased up and into the bust of 2008.  It has since then been on a steady downhill slope.  The “new highs” last week which were partied to each day on CNBC was lacking in volume which signals the quintessential “non confirmation.”  (more)

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