Wednesday, November 18, 2009

Too Quiet

The bots are trading amongst themselves because no one else seems to be trading the past 2 days.  ES Volume was less than 1.5 M yesterday, the lowest since October 12, which was Columbus Day.  Today the trading is just as slow.  Considering the move that we made over the past 2 weeks, and especially on Monday, this is bullish action.  The dollar and the markets seem to have lost their connection, the dollar was up a decent % yesterday, markets were flat.  Dollar is down a decent % today, markets are slightly lower. 
The next move from this little range is probably higher.  But I can't make myself buy the market with the bullish sentiment out there.

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