Preceding the October 29, 1929, there was an unprecedented amount of stocks trading hands (i.e. 16 million in one day). Does that amount indicate the fear of the traders, and a coming crash? Can we tell a crash coming from the point dropping too? or is the stock market not a teller of these things?
ALSO – where (online) can I find the daily amount of stocks trading hands?
Here is where to find daily volume on yahoo finance
http://finance.yahoo.com/marketupdate?u
There is no single indicator to use as a crystal ball for direction. Volume is generally used as a confirming indicator.
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January 13th, 2009 at 5:20 am
look at nyse.com
Most holdings are institutional now, not as in 1929.
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January 13th, 2009 at 5:37 am
No, your premise is wrong. Other factors such as futures expirations, short calls, end of quarters, etc., also affect market sales volumes.
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January 13th, 2009 at 5:58 am
You can find the daily trading volumes for all of the exchanges at Yahoo! Finance.
Increases in volume happen all the time, and just because they may also occur before a crash (and especially DURING a crash), these increases do not indicate a looming crash. If you look over time, volume surges lead to any kind of market, bullish, bearish or neutral.
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January 13th, 2009 at 6:19 am
Here is where to find daily volume on yahoo finance
http://finance.yahoo.com/marketupdate?u
There is no single indicator to use as a crystal ball for direction. Volume is generally used as a confirming indicator.
References :