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Non-Tech : The Critical Investing Workshop

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To: techguerrilla who wrote (18474)	5/12/2000 5:18:00 PM
From: pinhi	Read Replies (1) of 35685

Hi TG, today was classic textbook bear market activity. Until the averages turn up on HEAVY VOLUME, we are still in the bear/bottoming process. I believe we are in the bottoming process which could go on for some time-maybe many months or more. However, I COULD BE WRONG about being in the bottoming process and we could go lower. It does not matter what I think, you think, Joe Battapaglia (who I like)thinks or anyone else for that matter. Only what the market is doing NOW matters and until it moves higher on significant volume, we ain't going anywhere. Old wall street saying says volume preceeds price movement and when we get volume now, it is to the downside. When we get huge volume to the upside on the NAZ followed by a confirmation day a week or so later then maybe we change direction. I relearned this lesson today. Bought 10 JDSU calls in last half hour and sold 45 seconds later for a real quick Friday afternoon $1000 loss. And I should know better. Pinhi

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