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Technology Stocks : Compaq
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To: PCSS who wrote (96400)3/20/2002 4:44:10 PM
From: Elwood P. Dowd  Read Replies (1) of 97611
 
Michael:

Tom Costello continues to say that the recent sell-off in the Nasdaq has been on very low volume.
Today's volume was the 5th lowest for the year or in a year, I can't remember which he said.
Anyway, this low-volume sell-off indicates to me an oversold market.
The market is now in the very unusual position of following the economy.
Should be the other way around. When the transition occurs, the Nas should pop back up over 2000, imo.
Stand by!
El
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