Quote from tortoise:
that's a lovely chart. thnx
No problem buddy -- a little while back there was discussion about the past versus the present. While the past is the past and not necessarily predictive of the future, knowing the relative volume on the day is a good number to know, IMO. It has kept me out of this market today, that's for sure. Knowing that we have been about 30% or so below the 20 day median since the opening has kept my expectations in check and not led me to try to make something happen by overtrading (bear in mind that the prior 20 days even have not been too exciting, and we are way below even that median).
Opening within yesterday's range, having small volume with a tight initial balance, and staying mostly inside that up until now also leads me to keep my expectations such that, barring any news events, this will probably be an inside day, or close to it. If not, I'll try to jump on, but I won't try to squeeze blood out of this turnip.