Sorry for the late rock blog, has google blogger been down frequently for everyone lately? I want to tip my hat to TooQuiet for this great video, thanks. Above is a monthly chart (which explains why the volume is low on the most recent candle) of the Russel 2000 (small caps) ETF, ticker IWM, since its inception in early 2000. You can clearly see from the volume by price (on the left) that the volume weighted average transaction in this exchange traded fund was at a price higher than its current level. This basically tells us that the average buyer is at a loss or that the average seller is at a profit. The weight hangs heavy on the small cap stocks...
3 comments:
Hey Pyth, no problemo on the video - try to watch that whole video with a case of beer and munchies if you can (the Band's Last Waltz), it's really great!
On stocks:
Looks like they are lined up to fall of the cliff...just take your pick. But beware - the jackels are ready to sqeeze you out before they hit the rocks!!!!
Made it down to Florida before the storms! Toronto is completely under snow, but just about to go swimming in Port Charlotte!
Cheers,
TooQuiet!
"You can clearly see from the volume by price (on the left) that the volume weighted average transaction in this exchange traded fund was at a price higher than its current level. This basically tells us that the average buyer is at a loss"
And, they are still in denial. There is one enormous move to come.
"just about to go swimming in Port Charlotte"
nice tq
"There is one enormous move to come."
sure seems like it
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