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The question of the volume significance of the Fri. rally came up.
One needs to be a Barrons On Line or Newstand pickup to have that
info today from them.
So I went to Reuters and found out the following:
1. NYSE Volume was 710 million
2. Nas Volume was 1.1 billion
Allow for the 3 hour shorter time frame as reported by Reuters, one
can extrapolate that the daily volume would have at least equalled or
exceeded average daily volume for 2002.
So the statement that the rally was on light volume needs to be
placed in its proper perspective. In reality the volume may have been
typical for the time frame in 2002.
Sincerely,
John
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