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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (2859)7/22/2002 2:52:04 PM
From: Jim Willie CB  Read Replies (4) of 89467
 
volatility precedes major moves, not necessary up
this is the latest in the press/media drivel
I heard in the past week how volatility defines the bottom, how volatility precedes major upmoves, how it expresses capitulation

dont believe it
it is a load of horseshit
volatility precedes major moves, as market indecision wrestles with sharply opposing camps
the camps are comprised of oldschool oldrules members pitted against newer potentially more astute observers

until the stocks get real quiet for a couple days,
I dont think the major averages will see a counter-trend rally
first quiet, then somewhat strong but temporary rise
/ jim
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