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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (5523)	2/8/2001 11:35:35 AM
From: Teresa Lo	Read Replies (3) of 8925

<font color=red>2001 Feb 08 Market Analysis Addendum We post here a chart of the Nasdaq 100 Index Tracking Stock (QQQ). Note we did have a little volume spike yesterday, but the amount was not that high relative to prior lows. In my observation, absolute lows are generally made in two ways. The first is a true high volume capitulation, as greed and fear grips the market, and there is blood on the streets. This usually happens on a test and break of a prior important low. The other is the low volume "who cares" kind of low, where all the participants have stopped looking, having given up hope long ago, and the market drifts to a new low. In the case of the NDX, there are still too many people watching for the latter to have happened, and perhaps not enough fear and blood for the former to have taken place. ispeculator.com Teresa

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