Friday, December 23, 2011
Slow Till Next Friday
Historically, you see the lowest volume the day before Christmas until the last day of the year. Usually, you will see volume pick up on the last trading day of the year. So it will be low volume action till next Friday, so I don't see us moving much from current levels till then. Not much to say unless the market starts to move, but I doubt it will. Merry Christmas.
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1 comment:
Whats going on?
Everyone was looking for a santa rally since Dec 1. Now we are getting it and everyone is pessimistic?
Besides an occasional down day I think this rally has legs..even if it is with low volume.
The volume will return in January. We are at a critical point (again) if we close above 1265-75 we zoom to 1350...could easily happen in Jan, I don't see anymore big news before then.
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