Dow Jones uptrend is weak

Today my broker friend had sent an email to me on his market commentary. In his commentary he said there is liquidity problem in the stock market. Click here to read his commentary.

So I did a check on Dow Jones Index and found out that it is true. Dow Jones Index has been up since 16 July 08 to 22 August, but at the same time trading volume had declined from 400 million to 145 million a day.

This implied to me that there are not a lot of buyers in the market, and when buyers stop buying, market is going to come down even lower.