Friday was the 8th day in a row of little-to-no range, no volume, and no volatility. This EIGHT day period has an amazingly small range of just 17.00 points, but about 90% of that was just 12.00 points. The prior number is a decent range for ONE day, while the latter barely acceptable. Now you know why this is so frustrating when the market is still in this area after nearly two full weeks of trading.
As Friday wore on, the media was making a big deal of the prospects of a government shut down. I didn’t think the shut down would happen at all and if it had, it would have lasted a few short days. As usual, both sides of the isle are arguing over crumbs, which is pictured quite well in IBD here:
As Friday wore on, the media was making a big deal of the prospects of a government shut down. I didn’t think the shut down would happen at all and if it had, it would have lasted a few short days. As usual, both sides of the isle are arguing over crumbs, which is pictured quite well in IBD here:
Trade Date: 4/8/11
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