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There is an old saw "never short a dull market" which I keep in mind in
markets like this. I think all of the good news is in the market and the
market is trying to figure out if there is bad news which must be
discounted. The market may very well drift until there is a fresh consensus
or there is an external shock. Bottom line is that I generally opt to stand
aside when a market is drifting with little discernable pattern and when I
do trade, I take profits quickly.
Earl
----- Original Message -----
From: "Jerry Swanson" <swanwoods@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, April 20, 2002 12:35 AM
Subject: [RT] index volume
> 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
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