Discussion in 'Trading' started by virgin, Feb 6, 2007.
4 days in a row with daily ranges of about 5 points
what's going on ?
nr3 nr7 wait
Nasdaq down .79
dow off .48
is this 1923 or 2007???
Look at the bright side. Low volatility usually leads to a big move.
maybe a sign of a market top ?
Low volatility does lead to a big move.
My guess is that its going to be a move to the upside. Another 3-5%. All international indices making fresh highs today. This should continue for quite sometime.
this narrow range in the dow exceeds any narrow range before it after 1926
iow, it's the least volatile multiday stretch in 80 years
volatility is cyclical. hint hint hint
So lets all apply that test we need to do.
See WJO RAA.
my take on the why of this: simply that corporate earnings are through the roof.
i see an up trend in SP-500 daily, weekly, monthly. corporate earnings are so high that they're supporting higher equity prices, imo.
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