By InTheMoneyStocks on March 18th, 2010 3:45pm Eastern Time
What can a trader say? The volume remains extremely light. The market has continued to float higher since the February 5th pivot day. Simply put the light volume favors the upside. Hence, the old market adage, 'never short a dull market'. This is certainly as dull as we have seen in quite a while.
Perhaps this afternoon the market will sell off into the close since tomorrow is quadruple witching options expiration. However, when the volume is this light the odds are simply not in the favor of a decline.
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