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To: bearshark who wrote (38384)10/22/1999 9:43:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
Hello bearshark,

I've been watching the volume as a confirmation of big money interest. It has not been this active since April of 99.

>>MO and IBM accounted for about 130 million shares yesterday<< but this rotation of leaders amongst the strongest companies has been going on for almost the whole year...if not longer, with one flipping over to anothers favor. Only GE seems to have held up consistantly and may split again as they usually do over 115.

I've heard that big money house managers of major firms, mutual funds and wallstreet firms lock in the bulk of there years profits in the month of October. The public does it in December for tax purposes. Is there any truth to this?

I'm looking for a lower peak in November and a slide into the New Year.

My Best,

Chip