Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 49.65

+3.9%

Dec 10 4:00 PM EST

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To: dvdw© who wrote (9031)	5/16/2003 10:57:48 AM
From: Kirk ©	Read Replies (1) of 207300

yeah, we seem to be on the same wavelength. My reading suggests that the volume during the Great Depression on the US Stock Exchanges was tiny. A few shares bought could move the price. To find bottoms, you should look for low volume at a level where price seems to bounce along a bottom of sorts. I've seen this low volume in some of the micro caps the past few years near tax loss selling time. I've bought shares and had 2x, 3x or even much higher gains in very short order because the flush of sellers came for the tax loss and the only people trading after the New Year were those that wanted to buy and they had to "entice" the shares from those that held. Often that takes 2 or 3x gains for microcaps. (CACS and BOWG for me, VLNC for da cheif are recent examples) I wonder if there is a way to subtract out the speculators and traders who buy and sell as a living to get to the volume of investors on the larger, more liquid issues? I think some of the money flow measures people use try to get at this.

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