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Strategies & Market Trends : Rande Is . . . HOME

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To: johnsto1 who wrote (26456)	5/25/2000 1:11:00 AM
From: Trumptown	Read Replies (1) of 57584

No secret website...but when all you hear is how weak the market is, people wishing they sold at the top and check a few of the bear threads, you know the shorts out in force... Also, lately any rallies have been met with selling (both shorts and unsure longs). Today was an interesting day from a volume and strength stand point. I believe patient cash that has been on the sidelines may believe a successful retest is complete (even though the latest low is lower than the last one - makes for a powerful bear trap)...this coupled with covering shorts could fuel a decent rally. During the late morning and up to about 1 pm, the market was headed for a freefall. This was similar, but less intense than what happened 2 months ago. The high volume associated with the reversal is very healthy for the market... SR

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