Tuesday, August 21, 2007

Volume Has Dried Up

Yesterday, according to the IBD, the volume on the NYSE declined 38% from Friday's level. Today, I think we'll probably decline another 20% from yesterday's light levels... it's slow and choppy and time to either trade extremely lightly or just take off until after Labor Day.

That little piece of wisdom cost me $2500 over the last 2 days. Stocks are dead.

So here's the deal. I'll continue to post the VO each day however, don't expect much more stock news from my site for the next couple of weeks. I don't plan on trading much unless something wacky happens.

Instead, I'll be outside. I'll be surfing a lot and spending a lot of time with my daughter. She's starting nursery school in the middle of September. She's my first child and in a way, I'm a little sad that she's already off to "school." More to the point, I'm downright bothered by it.

Imagine how I'll be when she gets her first boyfriend.

Anyway, so if I post anything here it will be more like, "around the house" or "my history" posts.

Please don't let my feelings on the market effect your trade. Evolution and HPT are on a nice little streak and OBAT continues being quietly green on most days. I'm sure there is money to be made. I think that after the last few weeks I'm just a little burnt out. In fact, I was burnt out before the last few weeks. The last few weeks I was simply on overdrive.

See you.

2 comments:

Attitude Trader said...

Good idea DT. I spent some time with my daughter today and it makes life better all around. I'll be looking forward to some of your "around the house" posts - they crack me up.

- AT

Dinosaur Trader said...

AT,

Absolutely. I look forward to chilling out with her and not worrying too much about having other things to do.

Glad you find the "around the house" posts funny. I will try to focus on them now for a couple of weeks.

We'll see. As you know, sometimes life gets in the way of these things.

-DT