Anyone else find it odd that as the market continues to drift higher and higher, the volume gets lower and lower. Friday was one of the lowest volume days of the year, yet the market rallied and closed near the high for the current move. I don't have a clue what this means if anything for the future direction of the mkt. Perhaps alot of shorties and hedge funds are licking their wounds from the recent rally and have reduced their trading? It could just be that volume is a function of volatility, and we have seen a tremendous drop in the volatility of individual stocks. The drop in volatiltiy in individual stocks/sectors can not be explained by a drop in the vix. Because last spring the VIX was even lower than the curret 23 reading, but many stocks/sectors had 30-50% greater daily ranges last may than they do now. This phenomena is unexplainable. But it has created the worst daytrading environment in at least 20 months.