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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Ron Dior who wrote (48447)4/8/2002 1:59:50 PM
From: 4rthofjuly007  Read Replies (1) of 99280
 
Obvioulsy, people are buying the dip. But then again, mufund mangers have little choice but to buy. Do keep in mind that something like 1/3 of daily volume is program trading (someone please correct me if this is incorrect)and I recently saw a story on how member nyse firms are doing alot more short term trading.

If Nobody was buying then we would plunge but as you said, we have not shown signs of capitulation yet. I would say that we can still get it, you say this is a sign that we may not as we are not dropping "hard" on all of this bad news.

Just a difference of opinion really. And THAT is what makes a market.
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