Contrarian Interpretation of Low OTC-to-NYSE Volume after Market Decline

The Impact of Low OTC-to-NYSE Volume on Market Decline Contrarian Interpretation

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Question

If the OTC-to-NYSE volume is low after a substantial market decline, the contrarians interpret it as

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A. B. C. D.

D

Since the OTC market is dominated by small stocks which are riskier than the large stocks on NYSE, a low OTC volume relative to NYSE (less than 87-90%) implies that investors are bearish. Since the contrarians bet against the market at market turning points, they will consider this behavior by investors as a bullish signal if the market is at a low.