When Light Volume Matters?

Greetings Edgies! Late summer / pre holiday action in the market these days, huh?? Time to spin some tunes, and coin some market tales?

What has me up in arms is all the talk yesterday and today regarding low trading volume, and how today's decline isn't important because so many people are away in the "Hamptons." Contrary to last week, where the bulls were cheering the uptick, although on low volume as well! Isn't it interesting those who are long suggest the market will be just fine next week when people return "from summer vacation" and how things will magically sort themselves out and we'll head towards 14,000 in a blink. I suspect things aren't as simple as that. It would be too easy & Mr. Market is never that easy! Therefore, my view is that we'll get significant selling pressure next week in complete opposition to what the consensus is advising right now. Just an early call as we look in the post Labor Day crystal ball. Of course I could be wrong.