Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 54.64

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To: bearshark who wrote (16518)	6/17/2004 9:00:29 PM
From: Chip McVickar	Read Replies (1) of 207764

>>Prior to the last couple of years, the 25-day issues indicator was fairly accurate. Back then, the program trading amounted to about 35 percent of NYSE volume. Now, it is 10 to 15 percent higher. This is a managed market and adjustments are needed.<< In this light volume... program trading could well be taking the place of the general public, Uncle Joe and Aunt Mary's investment club..... minus "big news"... we can probably expect these type of caustic tight trading patterns to remain for the summer. How program trading is managing to manage the market and the type of charts it's producing is an excellent question and very possibly the most important one for those who face trading in the future....

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