LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (138)	9/1/1998 8:08:00 PM
From: Lee Lichterman III	Read Replies (1) of 43080

What do you make of the extraordinary large volume today? I expect us to retest the lows at a minimum and would not be surprised to see us break into new lows. However I was expecting our relief rally/dead cat bounce to be on low volume, not what we had today. Is this a churning of smart money leaving and selling to the usual buy the dip crowd or are the eternal bears correct in saying that we are now in a bear market where everything is reversed. In other words, instead of a high volume selloff signalling the exhaustion bottom, we are getting exhaustion buying signalling the last gasps of the bull. I wanted to initiate some put plays today but the volume really has me confused even though the A/D ratios, breadth etc still show this isn't over. PS - Great thread Lee

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