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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: Joseph Silent who wrote (1930)8/28/2000 2:15:35 AM
From: Drbob512  Read Replies (1) | Respond to of 100058
 
SilentJ: The best estimate I made was 1.7B shares to provide a bona fide rally that would get us over 4000, and subsequently we did get an average of 1.7B for a few days, getting us to 4289. Since then, we have traded lower than 4289 and lower than 1.7B shares, except for one day, the key reversal day over 2 weeks ago. We have rallied to just over 4000 but have not had a huge rally since the one to 4289, which was not huge really but moderate.

I still believe we need an increase in volume, to near 1.7B in order to have another big rally.

What do you think?