As if we really needed more confirmation of dropping volatility. I've noticed that the 50 day average true daily range on the naz and the S & P are both at or near seven year lows. The naz shows a steady decline in volatility with no sign of slowing. Since many of our methods need some market movement to succeed this does not bode well for us breakout players and trend riders. Reversion to mean trading techniques may become more widespread, further constricting movement. Personally, my difficulties employing range breakout methods should not be surprising in light of this. The market is a moving target and using the last six months data to form a method probably insures that the method is not useful now. Maybe time for me to check out the bollinger bands. What happens when everyone starts fading the deviations? Flatline? So what do you think. Do the current low volatility numbers mean that they too revert back to higher levels, or will volatility continue to shrink along with the number of successful traders, wrung out by program trading and channel bouncers.