MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Wisdom who wrote (21831)	8/2/1999 9:47:00 PM
From: James Strauss	Read Replies (1) of 99985

Heinz, I don't know how you can say complacency is the name of the game. Gary: I think what Heinz was referring to was the lack of large volume on these haircuts... It's rare to get a true bottom without some form of panic selling... Last fall the bottom was achieved on large volume and consistent New Lows in the hundreds... We are not there yet... Only 627 million shares traded on the NYSE today... There is not enough fear yet... There is still too much complacency because people are waiting for that bounce... At some point when they don't get it the volume and panic selling picks up... That's what bottoms are made of... : > Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next