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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Connor26 who wrote (1024)1/3/2001 4:00:47 PM
From: bobby is sleepless in seattle  Read Replies (1) | Respond to of 5732
 
X factor...g's....



To: Connor26 who wrote (1024)1/3/2001 7:03:17 PM
From: Susan G  Respond to of 5732
 
Sorry for the delay Conner, I must say that SI has been horrible this week and I usually give up after trying a dozen or so times. sheesh! And what a time to be down, RIGHT as the rate cut came in?

I sold all trading shares, bought at a variety of prices lately <g> except those 49 dollar shares. I'll give those up only if it breaks 50...or 80 : )

Part of the reason I sold today was the huge selling into the rally that I witnessed. All morning before the cut, the money flow was lightly positive - about +200k, with a few dips into negative when the nas dipped. But once it surged, the negative money flow also surged to -53,000k - a negative money flow number higher than I've ever seen.
Although volume was so huge (over 27 million) it may have actually been average neg money flow after all. Actually it was amazing it held the gain with that going on. But the vol at the bid stayed higher than the volume at the ask, another sell signal of mine - it needs to be the other way around to rally further. Seems like there was heavy duty shorting that's for sure.

So it may not seem obvious, but there was major selling into that rally. Over 300 blocks also...Made it easy to sell : )

I will now watch for a bit before getting back in. Might only be for 5 minutes in the am though LOL