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

To: Lost1 who wrote (43975)	7/6/2000 11:14:06 AM
From: Junkyardawg	Respond to of 63513

This time we have almost no volume in this sell off the past few days. Wouldn't we need to see high volume if the Nasdaq were truly in trouble? Of course I guess we need some high volume on the buy side also. dawg

To: Lost1 who wrote (43975)	7/6/2000 11:41:44 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 63513

>>all charts are being plundered..not like before. This time it's more slow and methodical<< This puts me back into my mode of thinking last May. I felt at the time, the damage was so severe it would many, many attempts over an extended period to repair the damage. I think the ultimate direction is all going to hinge on the next Fed action. Right now I believe the consensus is that only one more hike is probable, that's what is being said publicly, but I believe their may be quite a number of analysts that have secretly thought the Fed was finished. And if that's true, it's already factored in, so any negatives (even slight) like todays unemployment figures will cause selling. :-(