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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: HG who wrote (53193)9/21/2000 6:34:33 PM
From: Jorj X Mckie  Read Replies (1) of 63513
 
Up front I will say that I have NFI what is going to happen in the next few days. However, I do believe that there is enough fear out there that the margin levels are significantly lower than last April. Therefore, I think that the residual affects of the downdraft will not be as drastic. If you remember, last April 14 was the bottom...it was the perfect day to buy. I am not recommending that for tomorrow, unless there is a strong indication that it is the bottom. I will be looking at the trin and tick and volume to figure that out.

Another factor that that I believe, is that it isn't you and I that is going to turn this market around. It is the institutional investors. So, what we are feeling on Monday isn't going to be that important. It is going to be what the institutional investors feel like. IMO.

Zeev's indications on the tick and trin
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