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Non-Tech : Raptor's Den

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To: yu who wrote (5970)	11/21/2002 9:08:03 PM
From: Prophet	Read Replies (2) of 10157

Yu, good posting. However, today's volumes were not not normal. Out of the 75 or so technical stocks I track most had blow-off volume, some near triple average volume. That's a scare sign of being left behind. It was not the shorts that were doing the buying today, but rather the longs that are always late into a rally. To be able to satisfy the kind of demand we saw today, someone must had been selling. Either the MMs and Specialist were shorting the heck out of stocks to meet buying demands, or the first wave of buyers of this rally were doing the selling. In either case, the seed has now been planted to start a down trend again.

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