View Full Version : Spike in Volume at 1:30 Eastern on Tuesday, June 28 - Indicative of More Decline

29th June 2010, 10:43 AM

The stock market has 3% down days all the time. Every once in a while, things get more interesting, like on May 6, the so-called Flash Crash.

I'm curious if there is a correlation between Heavy Volume and the 3% down day turning into a Major Down Day.

I notice there was a big increase in volume at 1:30 Eastern today, right about when the market decline was 267 points.

But that was it - after the volume spike, trading for a half hour went back to normal.

Anyway, I'm just wondering - do spikes in Trading Volume on these Major Down Days tend to be correlated to any other interesting stock market phenomena ?

29th June 2010, 11:01 AM
Not that huge of a spike, so it may only have inter-day implications. It probably suggests the Dow will need to retrace back down to that point (9861) before determining its final direction for the day, whether it is up or down from there. Let's see if it plays out.