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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (14714)	11/17/2001 6:07:13 PM
From: TFF	Respond to of 18137

"There's lately been as much or more to trade on any given day than during almost any time during 1999. Just to use the QQQ and the COMPX as examples: the 50-day average tradable range (from high to low) of the QQQ measured on November 16, 1999 was around 2.4%. 100-day annualized volatility was just under 30%. 6-day volatility was just under 25%. On 11/16/01, the comparable measures were 4.16%, 55%, and 25 - generally about halfway between bull run levels and those registered a year ago when the post-Labor day slide was giving way to the post-Election crash. For the COMPX, the numbers for 11/16/99 are 1.6, 30, 18; 11/16/01 yields 2.8, 42, 19. Prior to 2001, the COMPX didn't reach 2.8% average daily tradable range until just before the March 2000 peak. The LOWEST measure for 2001, 2.49% during the Summer doldrums, is actually just a tick or so higher than the HIGHEST measure registered in all of 1999 (2.48% in early June). " I don't argue that the overall market has maintained it's volatility. In fact I stated that traders had embraced it instead of smaller/midcap names by turning to large caps, QQQ's and index futures. There's no denying that most of the retail sheep have been slaughtered. One quick glance at trading volumes tells you that.