just released "Jobless Claims Fell Sharply Last Week- AP"
by the same token no one wants to miss the bottom. by my reckoning, from yesterday's fall and today's, it has taken roughly 2500 trades to push the sp down by 3 cents.
The same traders will want to get in again on news. That's 2500 trades, not counting 'new trades', trying to get executed on the release of news....the jump will be significantly more than 3 cents, imho that will correlate to a volume of roughly 100million with approximately 5000 trades. It will be the quick or the dead on release of news. These figures are only factoring in an approximate jump of 20c from current level.
For a 40c rise we could hit close to 10,000 trades when it happens....soon i hope
meanwhile all the rumours are doing my head in..
CNP Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held