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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (8950)	8/3/2001 2:28:17 PM
From: UnBelievable	Read Replies (1) of 209892

As BS As These Last Three Days Were They were distribution, and strong distribution at that. While the boyz may not have the bucks to make this go up, I can't believe they don't have what is required to keep hope alive before a weekend. SOX bounced big time at 637. I'm not seeing the kind of big blocks on the ask that usually are there when things get real dicey. In the absence or real heavy selling it is too easy for the institutions to overwhelm the true prices by saving their trades for the end of the day. No one wants to see a breakdown more than me. <gg> But I think it is going to have to be preceded with what J6P believes are bad days so money starts moving around those 401(k) plans and such and daily traders have twitchy fingers as well. At this point the daily candles are plenty ugly. Whether they fix them toward the end or not they will try to gap it up Monday morning. I'm inclined to see what things look like then. I could change my mind if the lows for the day start getting taken out.

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