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Strategies & Market Trends : TA setups-ex th traders

DIA 494.65

-1.3%

4:00 PM EST

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To: cthruu who wrote (2847)	8/4/2004 1:16:14 PM
From: youmast	Read Replies (1) of 7682

RE:There has been a high volume sell off, followed by a puny bounce on low volume...... you did correct analysis on SMH, bro... but high volume sell off on any ETF is not always a bad sign. This stuff sometime could be a hedging game of our "big brothers"... just my 1.5 cents here. i'm not bearish at this point and nothing turns me bullish either. typical churning level right now, I guess... look on $TICK (or ARMS... whatever...) it is in almost single digits right now... 21, 64, 55, -16, ... ... This is no directional market.... at list for the last few hours. Do you remember Cuba Gooding and Tom Cruse? "Show me the money!!!" :)))

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