Anyone notice the substantial drop in volume on the DJIA in the last week. Less than half in the last 5 days compared to the rest of 2008. Last Friday was only 1.05b.
Given the increased volatility, the odds of a bottom being reached have grown substantially. The possibility of a last ditch capitulation (the one that many are waiting for) is still possible but becoming increasingly unlikely.
Postive times next week as bargain hunters swoop as shorters lose their shirts.
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Shanthar Pathmanathan, MD
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