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Strategies & Market Trends : Waiting for the big Kahuna

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To: epicure who wrote (20572)6/17/1998 12:30:00 PM
From: Barbara Barry  Read Replies (1) of 94695
 
Thread....
FWIW. No puts for me until we retest the highs.BUT what I found very interesting when I checked with Quick and Riley is that June has been pretty dead for them AND the other discounters also....VERY little buying or selling,which is unusual. Now maybe on line firms are picking up the slack,but I don't think that would account for the all the inactivity.I don't know what's up with the major firms.This is another one of my "psych" indicators that I follow.If this doesn't change,IMHO, this will not bode well at all for the market and would support my failed rally scenario.We know that a bottom is made with a lot of sellers (haven't had that yet)...but putting in a top without stronger volume can't hold. Volume is picking up some.The post about a crash around August or so is looking more posssible.IF we do blow through the highs on all six cylinders I will be wrong.(again)
;)
Just some ramblings,
Barbara
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