Market Direction Predictions and BS guesses Message Board

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Strategies & Market Trends : Market Direction Predictions and BS guesses

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To: the Chief who wrote ()	5/24/2000 9:07:00 AM
From: the Chief	Read Replies (2) of 234

I went to the nasdaq site this AM, and also got some more data on the DOW from a number of sites. The issue is "volume". Lets assume for a minute that the anomaly called Feb/March/April that saw us vault to unreal heights was removed from these markets. If you use the logic that Feb/Mar/Apr was an unhealthy appreciation in stock value and that we were 'destined" to come back to earth. Which is a "bears" position, and that the "irrational exhuberance" has to be tamed, then I think we are there. For all you TA guys go away and look at the charts on volume. The Dow in August September October averaged 825,000,000 shares per day strangely enough "exactly" the volume today. The Nasdaq the same, the "volume" that was a consistent average prior to the runnup is now the case! So assuming the irrational exhuberant increase in volume was directly related to "daytraders" and people that normally would not be in the market. Then, the removal of "same" would result in a normal volume for all the exchanges. Conclusion....this may be the "volume we have been waiting for?" the Chief

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