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Low Volume Hurts Chances of Bounce

BY ROB HANNA | FEBRUARY 02, 2010 | 8:51 AM | 0 COMMENTS

NYSE volume came in at the lowest level in over 2 weeks as the market rallied on Monday. Conventional wisdom suggests this low volume is a bad sign and it hurts the chances for a further bounce/rally. I've seen many comments in the last 24 hours stating the bounce cannot be trusted because of the low volume. So below is one test I ran examining this theory.

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