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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bearshark who wrote (17308)6/14/1999 8:55:00 PM
From: bobby beara  Respond to of 99985
 
Shark, i don't know if i reported on this thread recently about the significance of the daytrading phenomenon hitting the media so hard in the recent months indicating the trend was over.

that trend was confirmed today with schwab's trading volume monthly decrease. No wonder people are bailing on the once very loved online brokers.

the daytraders that are still in are dying on the vine holding onto the slope of hope or healthy & joining the phlanx of short sellers that will drive the internet mania into the ground.

at some point soon we should get that rally, but i don't think it's quite yet.

bb