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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 60.74+4.6%Jan 16 4:00 PM EST
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To: bearshark who wrote (16518)6/17/2004 7:59:41 PM
From: Chip McVickar  Read Replies (2) of 207847
 
Hi bearshark,

From a pure charting technical point of view, imo.... program trading is not much of an issue.
On a fundamental basis.... is it changing the market psyche.... I don't know....?

I figure most program trading is swing work.... not position trading....
So it might be accounting for the locked spreads without direction and the quick reversals that we're seeing.

Whatcha think of that....?

In the end...., maybe even the second string jockies are on Martha's Vinyard for the summer while computer nerds are running the office. <smilea>
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