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#1
08-08-2010, 02:03 PM
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Problem is, this is starting to look like a lot of other summers when there is very low volume and the market rallies. Lets be serious, there is absolutely no fundamental reason why the mkt bounced so much in July/early Aug. Fridays payroll report showed that. The market is going up on no volume. In the past when this has happened, the volume has returned after labor day and they clobbered the market. I hope I am wrong and the dow goes to 15k, but when the real trading starts again in Sept, it might get very ugly. Low volume rallies are known to fail miserably.
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#3
08-11-2010, 12:09 PM
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Quote:
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#4
08-24-2010, 02:28 PM
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#5
08-25-2010, 09:16 AM
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The Dow looks like it is approaching a key level this morning. Gonna open below 10k. There is a New Home sales number coming out this morning which will be critical...and if it is anything like yesterday's home sales numbers it will be very ugly.
Hoping Smooth Operator put a halt to his accumulation of stock the last few weeks. August is turning out to be very ugly. The market can only disregard what's really going on in the country for so long before it has to react. That's what you are seeing now. Plus the market rally in July was on little volume....that usually tends to be a bad side.
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#7
08-27-2010, 04:20 PM
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Dow
10,151
off 0.6% on the week
S&P 500 1065 off 0.7%  TGIF ya sick freaks 
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