Re: 7/2 Week, page-9

Hi daveironore, the volume is definitely wrong. On your chart the volume peak of the 2020 covid crash looks like its only half of the GFC volume peak. If you view the S&P 500 chart on Yahoo Finance these peaks are are almost the same (see chart and link below). Also, since your chart is a linear chart, the candlesticks at the top have to be 50 times bigger than the ones at the bottom to produce the same % return. So, its useless for anything except scaring people into thinking the market is a giant bubble and is about to crash. If you look at the log chart, any bubble is much more modest and the S&P 500 appears to be just following its long term uptrend. See below.

IMO, without another crisis, the market cant crash and will stampede with the bulls until its time for another dip using another excuse (the usual shenanigans). This is because the cash tsunami has turned into a flood of cash earning zero interest. So, there is unprecedented demand for value and growth stocks. The big players are always looking for excuses for another shakeout so that they can buy low and sell high.




https://finance.yahoo.com/chart . . .
(Use "settings" to switch between log & linear)