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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: ild who wrote (93262)4/12/2001 4:14:37 AM
From: JRI  Read Replies (1) of 436258
 
I guess you are right....although relative to the previous day....more buyers came in.....so wouldn't/couldn't that signal a change in trend (contrary)?

Say we get a grinding day today.....and then we finish lower......and the Ameritrade index zooms to close to 100%.....and then we tank next week...

That'll mean the Ameritraders were increasing their buying as the rally was losing strength...obviously the wrong thing to do...

Maybe some one can step in and be the arbitre on this one....is the relative change more/as important/less important as where it places (net) everyday?

As for selling into that rally.....looks like to me, unless we gap huge tomorrow morning....selling that rally was the RIGHT thing to do.....they can always buy back tomorrow at cheaper prices
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