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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lee Lichterman III who wrote (42247)7/22/1999 7:22:00 AM
From: bearshark  Read Replies (1) of 94695
 
Lee: You have it down well. Yesterday morning in the first half-hour we had 103 million NYSE shares. That is a bit high. They generally were moving on the upside. In the last half-hour we had 125 million (from memory) NYSE shares. That was a bit high. They generally were moving on the upside.

This is the buying pressure that I want to exert itself. However, we are at the pinnacle of several key supports that I use. That is consistent with your post also. It is up to the buyers to show that they have the horses. If they are only ponies, I will turn negative quickly.

If the Greenspeaker says anything intelligible, I hope it is construed as bullish--at least for now. Many times, I believe the reporters interpret his mumbles.
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