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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (13911)11/10/1997 4:37:00 PM
From: Judy  Read Replies (3) of 50167
 
Ike, the market is in an orderly decline, although tech prices look brutalized. There is no convincing leadership from any sector.

I shall look for declining volume as we approach previous lows. If we dip below previous lows, watch for very low volume compared to the previous fall. On each rebound, look for breadth and volume greater than the previous fall. Until we see this, the market will continue down.

Snap-back rallies seldom (maybe never) hold ... for stocks or the market.
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