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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (5293)11/25/2000 11:36:13 AM
From: Hawaii60  Read Replies (1) of 19219
 
Great call JT. Looks like you were right. Stocks such as MRVC, NTOP, etc., gave up the ghost on high volume on Wednesday, clearly capitulating. Then rebounded on Friday at 1/4 the volume but to higher levels. I think the final tax sellers, weak hands, and retail investors who could no longer hold the margin all threw in the towel. Don't know what it means though really that they rebounded on low volume, do you? Noticed even telecoms rebounded.

Again, good call.
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