S&P 500 - Oct 20, 2008

charts courtesy of stockcharts.com

S&P 500 had a really good time today. All breadth measures were positive, but volume was kind of light. Why such lack of interest all of a sudden?

Credit conditions are showing signs of easing. VIX dropped handsomely. Still, today's advance has not changes wave scenarios we have discussed before.

To me, it was nice trading day and nothing more.