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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (14261)9/24/2001 6:59:48 PM
From: OZ  Read Replies (1) of 18137
 
Today feels so much like the day after the low in 98. The breakaway gap and the close are even almost the same size as the ones back then. Even the volume characteristics of the days going down and the climactic bottom combined with the proportionately reduced volume on the current up day. Seems like a great place to start climbing a wall of worry after sliding down a wall of hope for so long. I know and heard of many "regular" mom and pop type "investors" that reallocated their portfolios last week and I find it very hard to believe the market is going to reward them so easily for doing that.

Oz
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