rande- weak volume around the fed meeting? that is contrarian, i was looking for an uptick in volume, a bear trap rally up to around 3800 area, then a selloff back to the lower end of the range, through 3400, down to 3200, and possibly down to 3000 area as market continues to focus on
further fed tightenings, i dont think we are out of trading range till we close over 4000 on volume, which probably wont happen this summer, this is my "todays" thesis i am trading on, where do you differ? are you saying 3600 is going to be the top end of near term range? if volume doesnt pick up next week,that would seem to indicate a very weak summer , i think overall next week will be up before the "other shoe drops", appreciate some further views on the market next week. this market seems to have broken down in 2-3 day segments, and you cant trade for any longer time period than that, profit often, looking for singles, and and doubles is the only way to beat the indexes, definitely not time to be "swinging for the fences" |
