Trading Against Low Volume Rallies
Much of the talk these days has been about the incredibly low volume across the board. Well, “incredible” isn’t the right word at all – this is a perennially quiet time of year in the market. But what was kind of interesting was today’s meaty rally on such low volume: except for the Nasdaq, the major indexes were up more than 1.5%. So we wondered: Historically, would there be any edge in shorting large rallies that occur on very low volume? We…
Friday, August 29, 2008
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