TVO Market Barometer 3/2/15

TVO MB 3-2-15b

Today the NASDAQ gently slid past the long-awaited 5000 mark with a volume fanfare far less than would be expected for such a milestone. Up volume was substantial, but when overall volume fails to increase it gives a picture that the big institutions have already dealt the cards and are just waiting for some unsuspecting souls to try to chase down the queen of hearts… but we know how that game usually ends. It bears repeating here (pun intended) that price has no bearing on TVO’s value calculation, but is it just coincidence the way the magic price numbers coincide with oscillator reversing? Numerology can affect volume in mysterious ways and vice versa. Is NASDAQ 5000 really different this time? Of course it is. Everything in the world has changed radically in the last 15 years, but there is something that hasn’t changed in over 15,000. Us. -MD

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