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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (31714)3/10/2003 4:21:40 PM
From: bramble88  Read Replies (2) of 57110
 
Yeah, that was it.. Thanks! I wonder how often that is the case.

On a day like today the weakness is obvious, and I certainly would expect distribution.

I would expect TRIN to be very high, if market (meaning prices) is being artificially(?) propped-up while high volume selling is taking place. Things certainly looked that way today with 1280 holding most of the day on the COMP and not much upside movement.

So for tomorrow, there would be lots of $$ on the sidelines potentially ready to buy at lower prices; but first we would have to see those lower prices, or some news that would compel those who sold today to buy back at the same price or higher.

Just thinking outloud..
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