Volume gains on up days support rally hopes

We have seen bear market rallies like this before, and each time we look for reasons why it is the real deal. A small dose of positive news; the Federal Reserve buying up Treasuries, Citibank showing signs of strength, and an unexpected surge in housing starts, and the market responded nicely with its first two week gain in almost a year.  On an even more positive note, this rally was supported with a high trading volume. Higher trading volume can mean more broad based support, especially from institutional level investors. You can read more about this here, www.marketwatch.com. 

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