Sell Off on Light Volume

Monday, April 17, 2006 | 03:48 PM

Just a quick note: despite all the red on your screens, the selling seems to be on rather modest volume. That suggests more of a buyers strike than a heavy distribution day. Both the advance/decline line and the up/down volume are modestly lower -- not particularly nasty -- also.

Remember that most of the European Bourses are closed for Easter Monday (I believe some are closed tomorrow also).

On a somewhat related note, on Cody Willard's blog, he discusses the futility of trying to game the Fed on a day to day basis. That's an excellent point -- not only for the Fed, but for most economic data. The broader economy is marvelously complex, and its oscillations and cycles unfold over periods of quarters and years -- not day-to-day.

Unfortunately, us humans have a hard time operating on longer time scales. Days and weeks are easy; years and decades are almost impossible . . .

Monday, April 17, 2006 | 03:48 PM | Permalink | Comments (20) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Sell Off on Light Volume:


I've harped on how crappy the internals were in the market during the run ups, so now I feel compelled to agree with Barry on today's markdown. Pretty much the only truly ugly thing is how much the new lows have expanded.

I'm not a buyer today, but if we get some weakness ahead of earnings tomorrow I will start laying the longs on thick.

Posted by: Bynocerus | Apr 17, 2006 3:57:59 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™