According to the good folks over at Sentimentrader.com, yesterday’s rally showed that upside volume on the NYSE swamped downside volume by a lopsided 25-to-1.The last time we saw that big of a skew in upside volume was August 20, 1982, just as equities were making their low before the start of a secular bull market.Now, I am not saying we are about to embark on a multi-year bull rally like we did in the 80s, but this statistic is meaningful to the bulls nonetheless.There have been only 7 other instances of this type of breadth actio[...]
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[Source: The Money Blogs]
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