Monday, December 04, 2006

Volume dries up in the QQQQ and the DIA

The price and volume in the DIA and QQQQ diverged quite a bit today. This is the first time that I have seen such a large drop off in volume while getting such a large move in price. (Remember, I'm relatively new to the markets.) The volume in the Nasdaq composite and NYSE were not quite as weak, which begs the questions: Who was it that decided that they

didn't want to participate in today's rally? Who are the stock operators that usually trade the q's, the SPY and the DIA? Are they the smart money? Do they know something? Is this just a blip on the radar or a harbinger of things to come? We shall see.

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