These are tough markets, folks. When volumes are this low it's a BB playground. Here's how thin the markets are right now,
"Since August 3 (eight sessions) the Dow has traded as high as 13,223.01 and as low as 13,094.96 for a range of 128 points, or 0.98 percent. In percentage terms that is the narrowest 8-day trading range since at least 1950. I couldn't check back any further than 1950, but I think the point is clear. No conviction, no volume, truly the dog days of summer on Wall Street!"
"Since August 3 (eight sessions) the Dow has traded as high as 13,223.01 and as low as 13,094.96 for a range of 128 points, or 0.98 percent. In percentage terms that is the narrowest 8-day trading range since at least 1950. I couldn't check back any further than 1950, but I think the point is clear. No conviction, no volume, truly the dog days of summer on Wall Street!"
"The more I practice the luckier I get." Gary Player