Back in June, 2008 I wondered: does a spike in the Nasdaq volume to NYSE volume ratio presage a decline in the S&P 500. I based this on some finding I had read somewhere (of course, never to be retrieved from my tired old brain).
I thought, given recent events, it would be worthwhile to chart this again and see if the correlation continues. Check it out.
Does a spike in Nasdaq / NYSE volume ratio anticipate S&P 500 Declines?(click to enlarge)
This is, of course, purely speculative, so I don’t draw any serious conclusions from it, other than that it looks interesting.
~alex
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