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Strategies & Market Trends : The Bird's Nest

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To: LTK007 who wrote (7832)10/11/2007 6:16:20 PM
From: stormrider1Read Replies (1) of 15232
 
p.s. selling was on heavy volume

Max,
I see this as being the highest sell side volume day since mid-August. Volume suggests this was more than the retail investor bailing.

I would be surprised if we don't see a small bounce back tomorrow since the dip buyer has been programmed to buy any and all dips. Imo we have more down ahead before they resume the uptrend into the end of year.

Mike
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