Monday, August 25, 2008
...unless you are in treasuries. Oil and gold up modestly as well. Be careful, Tick is highly negative and trending down. Street is practically begging for a retest last month's lows. Money flow as been very weak and there is no volume. On a more positive note, there is often a upward holiday bias going into this long weekend -- see Altucher's book on this (link on right below "How to Trade Like a Hedge Fund"). We'll see.
Have you voted in the reader poll to the right? It's just for fun to stimulate some interaction here, but do weigh in! I'll be keeping that open until at least thirty responses are logged. And please leave your comments on this post.
POST CLOSE UPDATE: Note that a Big Move on Low Volume mechanical "short" study criteria were met today [edit: not really a signal, just within study bounds; changed text accordingly], as described last week. With volume at 76% of average, although wins are greater in magnitude than losses, odds technically favor a bounce. Please read the article before you consider trading this... it's more of a cautionary warning than a statistically robust signal with volume so light -- just not alot of information there.
Never Investment Advice
Posted at 12:31 PM