Though I can easily see it, last month I started running a 21 day average of the daily trading range( atr) for all of the stocks I watch. About 18 months ago as prices fell the ATR's began to fall, another way to look at it is as prices got lower the ranges reduced which is expected, but even on stocks that have not fallen more than 20% ATR's are down.
Tells me that besides a bubble in stock prices there was a bubble in volitility. Market is just changing its spots.
Tells me that besides a bubble in stock prices there was a bubble in volitility. Market is just changing its spots.
