Today's volume
- Thread starter rickf
- Start date
this week is options expiration so slow grind higher is almost guaranteed. We might be 5-8%+ by Friday
but now we know for sure all those low volume rallies are bull trap
they can continue for a very long and then we have 20% down in 2 weeks
you just need to be patient
this part will be shorter. Jackson hole is in less than 2 weeks and market has to beg for QE3 once again. So the next week will be volatile again. Till then go long or hibernate
but now we know for sure all those low volume rallies are bull trap
they can continue for a very long and then we have 20% down in 2 weeks
you just need to be patient
this part will be shorter. Jackson hole is in less than 2 weeks and market has to beg for QE3 once again. So the next week will be volatile again. Till then go long or hibernate
Quote from rickf:
It's 1405 ET and only 1.3M /ES have moved thus far today. Compared to seeing that many move in the premarked in recent weeks, I wonder if the markets are even open today.
Just an observation to fill the time today.
Did you know that Europe was closed today? Did it also occur to you that that the market is waiting on what happens tomorrow with the emergency meeting between Merkel and Sarkozy? Just a thought for ya.
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Maybe right Maverick;
I thought buy volume was so weak it was bad data
,or simply so far below 200dma the SPY,DIA QQQ buyers were boycotting &instead , buying gold ,GLD some. Not a prediction.
Assumption Day