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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading:
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To: Arthur Tang who wrote (746)5/9/2001 8:17:20 AM
From: Arthur Tang  Read Replies (1) of 769
 
Wall street has not sounded the summer rally cries yet?

The street needed to replenish cash investment into stock. Too much cash is staying on the side line. So, I am looking for a summer rally peaked off in July.

Normally, I expect summer aimless drifting(vacation time); but this year, the pull back was too severe. Daytrader market makers have no interest in maintaining a market. No large shorts to keep liquidity and sustain share prices. Nasdaq market kept the small investors out of money. Most small investors had to put their money in cash(money market) or into NYSE stocks where specialists have liquidity to maintain a market.

So, Nasdaq floundered. Normal NYSE advances did not have Nasdaq to trail behind, to take the money, passing back and forth. Summer rally will be slow and steady. Hopefully, ebb and flow(momentum investing) will carry it along.

While Nasdaq rebuilds, NYSE is the only thing in town.
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