There is one thing consistent here on this board. There seems to be a lot opposing opinions here, now that the market has dropped a bit. Some with fairly high conviction.
I don't know what this means, but it is just an observation.
One thing that is very interesting about the market is the timing of the drop and the huge volume at this time of year. This is a time supposedly when traders are on "vacation." Year after year you consistently hear, market moves at this time of year are on light volume and don't mean a lot.
We are getting some pretty heavy volume levels this go around. Did the traders suddenly decide to forgo their "vacations" to make some bucks ? (or keep from losing some bucks.) You would have thought with the markt at new all time highs, they'd be putting everything on autopilot this year, and even taking some extra time off.
As far as percentage daily declines these aren't that dramatic.
This just might be some healthy cleansing. Or maybe there is a "black swan" lurking.
So many opinions, so little time !
Started by
nimblebear
, Jul 28 2007 11:08 AM
1 reply to this topic
#1
Posted 28 July 2007 - 11:08 AM
OTIS.
#2
Posted 28 July 2007 - 11:24 AM
I noticed that last week the "Neutral" sentiment at Lowrisk.com was 29%, the highest it had been in a while and I opined that it may be indicitave of something afoot.
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