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To: Time Traveler who wrote (30796)9/15/1999 11:07:00 PM
From: Chung Lee  Respond to of 41369
 
I am speaking this through my observation. In general, price drop with low volume is a very bearish sign. That means the majority of the folks who want to sell out are still in. It takes a big sell with high volume to drive them out. Do you remember in early August? AOL started to turn around only after a pannick selling.

The most spectacular one day reversal I can remember was with YHOO couple years back, wish I could find the day, it gapped down a 5-6 points and kept sliding to a $28 deficit intraday and then reverse ending $22 on the positive side, for people who watch the market intraday, it took balls to stay in, not to mention a strong heart.