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 668.73

+1.5%

Nov 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (45580)	4/11/2000 11:22:00 AM
From: michael r potter	Read Replies (2) of 99985

Light volume Monday-a bearish read: There were few sellers on Monday as those who survived the 4-4-'00 shakeout became complacent on the rebound, but...there were even fewer natural buyers at Mondays early levels, so prices had to go down NASDAQ -250 to balance it out. Should those holding with complacency become nervous and again panic or sell in normal to higher volumes, buyers will only appear at lower levels. They did not appear on Monday at those levels in force [light volume], and should selling accelerate, there is no reason to think buying will similarly accelerate-except at lower levels. thanks,Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next