Quote Originally Posted by nickola.pazderic View Post
I see GLD must clear about 14 million shares; it has so far traded 9.1 million.
My predicted end of day volume on GLD is 15.4M. I run a real-time end-of-day estimator for all stocks in my eSignal watch lists. I essentially took a series of days of recent intra-day volume profiles for the NASDAQ and averaged the profiles and fit a 6th order polynomial to it. I then use that polynomial to extrapolate volume of individual stocks and compare to the largest down volume over the last ten days. This computation then flags the predicted pocket pivots. Intraday volume profile of an individual stock can of course be different than the profile of an index but in practice it works pretty well.