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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (81245)8/7/2001 1:25:42 PM
From: Don Green  Respond to of 99985
 
Is the Nasdaq-100 Trust (QQQ) In For a Beating?
Bernie Schaeffer
8/7/2001 9:12:08 AM
During Monday's trading, investors strayed from their normal behavior, preferring to wait on the sidelines of the Nasdaq-100 Trust (QQQ – 43.18) rather than plunge headfirst into shares of the technology-dominated Trust.

In fact, less than 31 million shares changed hands on the Trust during Monday's session. For the majority of July, the QQQ saw between 40 million and 80 million shares changed hands on any given day. Understandably, this volume (as much as 38 percent below recent standards) caught our attention. Monday's trading volume on the QQQ ranked among the lower five of all trading days over the past eight months. Looking back at the previous four examples of such minimal volume, I came across a disturbing trend:

schaeffersresearch.com