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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: rsie who wrote (13884)	5/23/2000 2:58:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 15132

Looks like yet another day of distribution on the Naz. At this time, "down volume" is more than 2 times "up volume". Total volumes are low, probably because a lot of shell-shocked investors are marching towards the edge of the cliff with nothing more than hope in their hearts and a prayer on their lips...

To: rsie who wrote (13884)	5/23/2000 3:19:00 PM
From: marc ultra	Read Replies (3) \| Respond to of 15132

richard re<<< Marc, what would you consider the required volume to assure the necessary "bull" to continue? >>>> Bob indicated factors that would make for a successful test would be a test on lower volume and better internals than the 4/14/00 lows at 3321. I have not been able to find the NASDAQ volume and other #'s from 4/14. I do know the NASDAQ was down 355 points that day and the Dow was down 617. I think it is not a stretch then to assume volume was a lot higher than it is on today's light session. Also the 3321 4/14 low culminated a week in which the NASDAQ lost 1,125 points or 25% so I am guessing the internals in terms of NAZ A/D and new highs and lows were very poor on 4/14. I see the NASDAQ is starting to fall quickly again at the moment. Would like to see it muster another late rally and finish a little below 3321. Remember Bob and thus I are talking about a possible strong countertrend rally in a bear market, not a continuation of a bull market. The close is not looking good at the moment Marc