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To: Hank Stamper who wrote (13889)	5/23/2000 4:21:00 PM
From: sea_biscuit	Respond to of 15132

Down volume was 5 times the up volume today. Tremendous amount of distribution. Wait till the "buy high, sell higher" and "I can double my money within a month" guys begin to lose control over their sphincters, and what has happened so far will look like a cocktail party! <g>

To: Hank Stamper who wrote (13889)	5/23/2000 4:42:00 PM
From: sea_biscuit	Respond to of 15132

They are not selling (hence, low volume). They may be nervous and hoping for some 'sign' to jump one way or the other. A sign could be an exogenous event. Or, a sign could be that the market just hovers around this level for a while longer and they begin to feel ?safe? again. Or, there could be something that sets them into a panic and a greater sell-off could ensue. Other than exogenous events, I think a close below 3000 on a Friday will REALLY wake the little guy up. But because it will wake him up, I think it won't happen! This is a market where, like the frog that is put in a vessel of water which is slowly heated, the little guy will get cooked. If it gets too hot all of a sudden, he might jump out and save himself. The big boys will not let that happen. And looking at the hubris exhibited by some of these little guys, I think they deserve what they are going to get.