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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (41830)	11/20/2000 5:22:46 PM
From: Condor	Respond to of 57584

I assume everyone is aware that the Nas passed through a 52 week low today?

To: Jane4IceCream who wrote (41830)	11/20/2000 5:37:05 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Thanks again. I think that "Ladies and Gentlemen we have declared a president" are the only words which will get this market going. Momentum/mania traders are what made the last two Day-After-Thanksgiving spikes. And most momentum traders on the long side have packed it in, IMO. It was the day after Thanksgiving of 1998 that gave birth to our term, "holidility". I loaded with BAMM that week at about $2.75 and sold it all around $45 that Friday in the frenzy. SIEB followed right afterward from $11 to $70. But perhaps the most important issue where holidility is concerned stems from the invisible "cap" that has been placed on ALL momentum trades. In those days, we could not remember all the doubles and triples we had in a week. Now, we can't remember the last stock to double in a single day. And THIS is why we need a new set of indicators. Rande Is