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Strategies & Market Trends : The Options Box
QQQ 611.67-1.9%Nov 6 4:00 PM EST

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To: Poet who wrote (10485)4/19/2001 7:50:33 AM
From: Souze  Read Replies (1) of 10876
 
Here's another interesting insight, in light of yesterday's huge volume of 3+ billion shares traded on the NASDAQ:

To:Ruffian who wrote (97668)
From: Kayaker Thursday, Apr 19, 2001 12:32 AM
View Replies (2) | Respond to of 97683

....The first rally must have a tremendous surge for a major market advance. If it does, it generates more buying enthusiasm and brings in people who missed the first move. It prevents a large correction because that first rally reverses the market psychology. People who missed it are sitting there loaded with cash and eager to get aboard. So, after the smallest setback, new buyers enter and there is no sharp correction. One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction and it never comes. The market just keeps climbing and climbing. It feeds on itself in frenzied fashion and propels prices considerably higher for six months or so, and sometimes longer.
Marty Zweig
Winning on Wall Street
1994

Message 15685797
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