Sector Investing

[ReturntoSender]

There is not much volume but what is there is just plain sellers. So far I am certain it is another 90% downside day. Volume being as light as it is pushes us just that much closer to a bottom but again we need to see volume expand as the market moves higher. The market can remain under low volume pressure for a long time.



Note that when the market made its bottom in October 2002 the SMH made a lower low and then reversed higher on strong volume. That could still happen this month or next especially if volume remains lower than what we saw with previous capitulation as we sell off further.



JMHO, RtS