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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jim Willie CB who wrote (21418)12/1/2000 3:29:35 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
some bearish signals even today
Naz is nearing its opening price, which is about 80pts off highs
current price at 3:35 here is below opening value
failing rally, not even worthy of being called "dead cat bounce"

called a japanese bearish hammer
some big techs are showing same pattern
the 2500 level was not a major support line
today was short covering en masse, with many daytraders climbing on

despite heavy huge volume yday, down volume did not swamp up volume
not really as big a ratio at Sept98, so I hear

/ jim
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