Volumeless Rally

Discussion in 'Trading' started by PohPoh, May 24, 2005.

  1. There is no momentum or heat behind this SP rally...
    None...
    I think the Nas will outperform the SP significantly over the next 3 or 4 months...
    I hate this market right now...
    Charts look ok (despite the weak volume) but I am thinking we don't break the yearly highs....

    Either way, the downside is much greater than the upside, in ma opinion...
     
  2. ^^^
    May not be much mo, volume or heat;
    but that is secondary to price.:cool:

    Am smaller /long than most of year, higher cash %;
    but sure dont regret longs.:cool:
     
  3. Price action and price momentum has been very strong over the past few weeks despite the weak volume. Also, investor sentiment was very favorable a few weeks ago for a decent bottom. Still, the market here is very overextended.
     

  4. lol

    ya think?

    http://www.vtoreport.com/sentiment/vixvxn.htm
     
  5. Yes that little business last night looked half hearted