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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (25965)	4/4/2000 9:24:00 AM
From: Doppler	Respond to of 63513

TLC- Not sure where the idea came from but I'm sure it's been around a while. The couple of TA books I've read have both had it, as well as it's polar opposite, the exhaustion top. Since psychology hasn't ever changed, it's probably been around since the dawn of trading. The book "Delusions and the madness of crowds & confusion de confusiones" talks about everything from investor psychology, to market maker manipulaton, to complicated financial insturments, and I'm pretty sure I read about it even in that 300 year old book. For those of you that haven't read it yet, "delusions" will open your eyes. Jeff

To: Don Pueblo who wrote (25965)	4/4/2000 9:29:00 AM
From: Augustus Gloop	Read Replies (4) \| Respond to of 63513

TLC, I can't tell you the source but I have seen the High Volume blood bath before. It makes the downside so obvious that you can toss out your charts. One problem is that volume by traditional standards is already high so it may be tougher to spot this time around. However, very high volume combined with an abnormally steep sell-off is bullish usually meaning an end is near.