Who would have thunk 500 stocks could be so easily manipulated? S and P 500 three week recap:
Week ending
6/25/10: closed down 41 points on an ave. 4.7 billion shares per day
7/2/10: closed down 54 points on an ave. 5.1 billion shares per day
7/9/10: closed up 55 points on an ave. 4.4 billion shares per day
Think again if you think this week will prove to any different (2 day recap):
Up 17 points in just two trading days with an average 4.0 billion shares per day
S and P 500 down 54 points in a single week and the very next week 41 points up on an average daily volume 400,000,000 shares less than the down week.
Over a two week (10 day) trading period, the S & P 500 dropped 95 points with an average daily volume of 4.9 billion shares. During the following 6 trading days, the S & P 500 is up 72 points on average daily volume of 4.3 billion shares...600,000,000 shares less per day!
Finally, the single biggest S and P 500 down day was June 29th as the index dropped 33.33 points on 6.1 billion shares. Thie single biggest up day was July 7th as the index ran up 32.21 points on 4.7 billion shares...1.4 BILLION less shares.
ARE YOU NOTICING A PATTERN???
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