Zarman3333, You asked me my thoughts on low volume...
Well, to me it means that fewer people are buying. BUT it also means fewer people are selling. What does that mean? I don't know.
Well, one thing for sure is the MM is making less money today and that's going to make my friend, and superior, Sgt Bigpappabear999 VERY happy!
I'm not a trader so I don't have that experience to draw from. A day trader would probably be in a better position to offer advise.
I can offer an example from a world I do understand. I own a Honda franchise. We are a large volume store but every so often we hit low volume day(s). Does that mean anything about our products, the market, my future? No. Obviously we don't raise or lower prices on those days, life is unchanged. So what does it mean? Means I go golfing.
Is that a fair comparison? I don't know, but it's how I see it. You guys are better at this short term stuff than I am... how do you see it?
Well, in general, high volume is good for longs and low volume is good for shorts. Usually stocks move up on heavy volume, down on light volume. Aslo hold true for the market in general. Of course they are many exceptions to this..volume is just an indicator.