last week we had huge swings, HUGE volume, fear was high and whoever was liquidating large positions wanted out at any price.
And today its all gone. No volume, no swings. Volatility dropping. Though P/C is still elevated. But OEX P/C is sitting at 0.75 today.
This is a very dramatic difference compared to last week. Seems like whoever was liquidating is done for the time being. Selling pressure isn't there. There are still 2 days before redemption cut off at many hedge funds. But maybe they have enough cash now, if they were the big sellers.
Yes, this isn't the "everything up and to the moon" day, but a/d is improving, selling pressure weakend, and overall not looking too bad.
The calm is restored for now.
Sudden change in volume
Started by
ogm
, Aug 13 2007 01:08 PM
1 reply to this topic
#2
JAP
-
- Traders-Talk User
- 575 posts
Member
Posted 13 August 2007 - 06:06 PM
last week we had huge swings, HUGE volume, fear was high and whoever was liquidating large positions wanted out at any price.
And today its all gone. No volume, no swings. Volatility dropping. Though P/C is still elevated. But OEX P/C is sitting at 0.75 today.
This is a very dramatic difference compared to last week. Seems like whoever was liquidating is done for the time being. Selling pressure isn't there. There are still 2 days before redemption cut off at many hedge funds. But maybe they have enough cash now, if they were the big sellers.
Yes, this isn't the "everything up and to the moon" day, but a/d is improving, selling pressure weakend, and overall not looking too bad.
The calm is restored for now.
No liquidity = no buying = no volume.
