90%+ down on Monday, 90%+ up on Tuesday

TickerSense provides analysis of previous back-to-back 90% volume reversals. Thing is, it hasn’t happened in 40 years.

A 90% upside volume day occurs when 90% of the NYSE volume occurs in stocks which finished positive on the day, while a 90% downside day means 90% or more of the NYSE volume occurred in stocks that were down.  According to technical analysts, an occurrence of either event is considered to signify extreme sentiment on the part of investors i.e., “Get me out of the market at any cost.” or “Get me into the market at any cost.” So it makes sense that if one of these occurs on one day, the opposite is unlikely to occur the next.  Right?

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