Yes, the volume is so light that I don't put any weight to it as an indicator of sentiment. Anyway, it is NOT a good day to begin the climb. Horrible news released today for the housing sector with biggest drop in home prices in years plus the downgrades yesterday for sector. The good news is that the mall shoppers showed us that they are nearly as leary as the naysayers are and also I find it curious that the drop in home prices is so small after the years of run up.
In a week or two, Optimism in housing sector would cause this to explode on a positive press release whereas that same release today might fizzle.
It is a good day to find something else to fill your time.
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