Cascade volume indicates buy! Even with double counting, more shares have been sold (percent of outstanding shares) than in Adobe when it
went down over 20 pts.,CRUS,BAY,DIGI(probably the closest match recently from a technical chart pattern),LSI, IOM,DEC,USRX,and NSCP(in progress). These all experienced similar behavior to the downside but had significant recoveries(typically 30 to 40 %) for a brief period of time. The only question is: Are we at the interim bottom? I believe so, but if not awful close. Someone is buying those 50-100,000 share blocks and it's not us on this chat line. Most shares should be in strong hands now since ALL momentum players have had to leave to be counted as momentum players. I bought in at 36 so my pain is moderate but this is not for the faint of heart. P.S. 100,000 shares at 36 or so only buys our CEO a nice house, not Bill Gate's mansion! |
