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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Hawaii60 who wrote (5314)	11/27/2000 1:41:12 AM
From: J.T.	Respond to of 19219

Hawaii50, Don't know what it means though really that they rebounded on low volume, do you? Noticed even telecoms rebounded. Don't listen to any cockamanied theories saying friday's rally on low volume didn't mean anything or there were more light buy tickets than big sell block orders. It is hogwash. Of course volume is going to be low on a half day session day after (or before) a holiday. The sellers capitulated on weds and the bargainhunters went shopping early friday. Now they are going to have to figure it out come monday outta da blocks if that upside gap open is gona get filled... or simply rocket launch and if it doesn't get filled Bears are gona get wacked double hard as short covering is gona create further melt-up in santa-land. You can book it - danno. Best Regards, J.T.