Tom Scollon provides up-to-date market analysis: recovery on demand?

We have seen equity markets rocket from mid-March lows – some up by 40 per cent to 50 per cent, albeit from major lows. Some traders have made some fast money; investors, and particularly near-term retirees, sigh with relief; and fund managers get to hold their jobs just a little longer.

But when I look at volume, and in particular apply an On Balance Volume (OBV), I see the rally has not been widely supported; and, not surprisingly, even less so in its...

Excerpted from an article originally published in the Jul/Aug 09 issue of YourTradingEdge magazine. All rights reserved. © Copyright 2009, MarketSource International Pty Ltd.
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