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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (18363)8/1/1999 7:51:00 PM
From: Canuck Dave  Respond to of 56535
 
Better late than too late, Max. I see the same bubbles.

The other tip off for me is volume. Bear markets (which haven't really been seen in 15 years) are partially characterized by lack of buying pressure, and my tech bell weather is DELL, who's volume has been dropping off the last few months.

Market volume overall is fairly light lately, too, I believe. I'm still willing to risk 30% capital on overnight holds for opportunities like IDC and CHINA, but that other 70% stays in the pocket for a while.

Dow 9100 sounds about right. I think with the number of day traders now, that future bear markets will be characterized by more quick small recoveries and then rapid drops, rather than slow, steady falls. Still be opportunites to make a few bucks on the long side. Could be a lot of traders going down on the drops, too.

Just my opinions.

CD