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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (24403)4/20/2000 12:48:00 PM
From: Kevin Shea  Read Replies (1) of 57584
 
Actually, I've been thinking about the changing dynamic in the market...Here goes... The daytraders should have been "protected" from the huge drop if they played right .. so they should be still in the game.. if they stay "normal" they will begin to look for new momo plays, but these are unlikely to be in the past issues...so we need to look at new fodder..I anticipate seeing some run ups in places that haven;t been big in the past .. issues that can be "controlled"... Margin players are out... question is, Why did the MMs dump them... you may be right, it may take another 6 months to "restock" new players.... The funds should have protected themselves. So my current view is like yours .. they cleaned out the weak margin players...

I have to go back and look at the volume to be more clear.

My Friday observation was based on cycle and some bounce in individual stocks. The 1-2-3 down cycle would have suggested an early week up followed by a trickle down to just above the recent lows... IF this weeks low, is higher than the recent low.. my thought is that we have truely bottomed more so if volume starts to pick up again...

Man, I'm really busy in Detroit... worked right through this past weekend..

Kevin
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