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Strategies & Market Trends : 123 Trends and Reversals
QQQ 629.07+0.5%4:00 PM EDT

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To: Ally who wrote (105)2/9/2001 7:57:40 PM
From: Michael Watkins   of 147
 
Ally,

During a day like today, weak holders sell out so as to get rid of the the sickening feeling inside.

I keep wanting to meet, or meat, these weak holders but all I can find - anecdotally speaking of course - are folks that are holding on to their falling knives and praying that they aren't totally eviscerated by the action.

?

Maybe as you say its a buyers strike. But I sure have seen active selling in the futures markets.

But, best of all, the game ain't over. We can still go short!

Absolutely.
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