Trading has been absolutely wild lately. Every other day this week we’ve seen massive 90% plus upside and downside volume days every other day. Today saw 96% of today’s volume on the upside and on Tuesday it was 98% for the bulls. Monday saw massive losses with over 98% of the volume coming in on the downside and yesterday was over 99%.

I’ve been watching this indicator for a long time and it’s times like these I wish I had recorded really lopsided volume statistics, but alas it’s all in my mind. However, I never remember a time when we’ve seen 4 consecutive days of 90% volume coming in on one side or the other. “Unstable” isn’t the right word for the markets, it’s psychotic.

It’s almost like having a crowd in a small boat and every day the crowd goes to one side of the boat and then has to rush back onto the others side the next day. It’s going to be interesting to see if the trend continues tomorrow with a major sell-off or if the week ends with a whimper. I can’t even definatively give an edge to either side as right now the count is 2-2. Maybe tomorrow will be the tie-breaker, but I’ll have to admit I’m rooting for the bears since I got short DIA and QQQ near today’s highs.