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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: LemonHead who wrote (11174)	5/19/2000 11:53:00 PM
From: fuzzymath	Read Replies (2) of 18928

It sounds like all you AIMers have time for is fun! No teary-eyed tales of losing 50% on this or that stock in the past few months! Just passing around pictures, etc... Now that's maybe the most objective evidence yet that the strategy works. Most NASDAQ stocks are down more than 50% from their peaks, and you're all still happy! My strategy keeps me just watching lots of the time lately. But I did ride the rise earlier this week. A look at the recent NYSE price/volume pattern isn't encouraging. The recent rise was on lower volume than the previous rise, suggesting there's less and less interest in buying into the market at these price levels. That made this drop that ended the week not very surprising. Next week is a critical one for the NASDAQ and tech stocks in general. It won't take a very big drop to put it below it's recent lows, and that could cause yet another mini-panic as more people rush to the exits. Kevin

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