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Strategies & Market Trends : WELCOME TO THE CATHOUSE -- Ignore unavailable to you. Want to Upgrade?

To: MikeD who wrote (9)	8/5/1999 3:54:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 1065

CNDR Mike, The volume here is key. Unfortunately, it's impossible to read: 400K changed hands at 10:45: a sale for 98K, a sale for 100K, then a buy for 200K. To my mind, that's what they call a market-cross: one market-maker selling to another. I try to mentally discount them from the calculation. That leaves us with a hefty 238K+, which is about what you'd want to see here. Excessive volume might actually signal an exit, under the Volume+1 Exit Method. All in all, a healthy cat. Still, I'm probably going to wait till tomorrow, as there's news coming from some government report that I should know more about. If it's bad, with this jittery market, it could easily mark today as one of those ensnaring up-days that tend to come in the second half of corrections, and I'm ti-i-i-i-ired of getting my ass whipsawed by this market. It doesn't look like this cat's going to run away without us. Ivan