Unusual Volume Drop

[traderpro]

I know it's horrible just try to stay out of trouble in these times

 

[prox]

Quote from prox:

You could conclude the market is not accepting of these higher prices ...


but the more likely culprit is snow..

locals make up 50% of daily volume

Now it seems more like rejection of the higher prices...

Tues - gap up , hold
Wed - gap down, hold - negating Tues.
Today - gap up, rejection and now barely holding on to support.

 

[vladiator]

Quote from buzzy2:



and you call yourself an economist??

read Frank Knight "risk, uncertainty and profit" riverside press 1921
risk is when all possible outcomes and odds are known with certainty for example when you throw dice, uncertainty is when you don't know the odds with precision so you can't tell with certainty if a bet is favorable or not.

i know this shit because i was reading some austrian school stuff the other day.

Good answer, I have to give Knight credit. But that's just getting into semantics. In finance, as long as the future outcome is <b>uncertain</b>- i.e. the second moment is not zero, the realized result can differ from expected one - that's risk. Whether you know the odds or not, it's still risky as you still have an uncertain outcome.
On a related note, the "uncertainty" created by Iraq situation doesn't necessarily have to make the odds any harder to estimate. It just adds several more possible states to the future.

 

[stock777]

This week has been the worst for trading in memory. Options pinning and no flow of sucker, public $ into the pool has made trading boring and edgeless.

 

[SethArb]

I could be wrong

but there is hardly anybody making markets

overnight now in USA equities using Instinet ( ECN)

I have never seen it this bad ...

maybe it is a bad dream LOL