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>> A big drop in volume on Friday: Dow was down 93% from Thursday,
>> Nasdaq down 80%, NDX down 67%, S&P 500 down 80.6%, and S&P 100 down
>> 112.3%. The volume numbers are probably the low ytd, but certainly
>> since Feb 15.
>> This seems ominous; would the older traders care to comment?
>> jerry
question: how do you track *index* volume? at end of day? by hand
via adding up all the individual daily volumes? do you track index
volume intra-day? i would very much like to know how (or where) you
go about getting this information.
thanks in advance.
i'm not an "older" trader so take this fwiw. friday was option
expiration day; it very well could be that the low volatility (at
least as far as the spx was concerned) coupled with jousting on
options expiration was a major factor in the low volume. if things
aren't going to move much, why trade them? in my view, a lot of the
action happened earlier in the week. tuesday 4/16 was a day to flush
out shorts & put holders. thursday 4/18 was a day that longs & call
holders got rinsed out.
also, & this is just a WAG, it's spring here in nyc. people were
possibly shutting down early to open up their houses in the hamptons
for the weekend.
- *lk
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