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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: horsegirl48 who wrote (2004)	3/5/2001 3:38:21 PM
From: adcpres	Read Replies (2) \| Respond to of 52237

HG48: The only potential problem I see for the near term is this anemic volume we are experiencing today. I just hope it is an aberration. If buyers continue their strike, then we can expect the market to die like it did at the end of May which took us to new lows fast due to a volume implosion. Lack of volume can be devastating. GH

To: horsegirl48 who wrote (2004)	3/5/2001 6:50:26 PM
From: Jacob Snyder	Respond to of 52237

Look at it this way: The Nasdaq peaked almost exactly a year ago. At this point, who is going to put a floor under tech stock prices? That is, who is going to step in and meet the wave after wave of sellers? 1. All the optimistic people who buy techs on 10%, 20%, 30% dips........they've been burned, and then burned again, and now there isn't anyone left who wants to catch the falling knife. BuyTheDippers won't help. A good example of this is the CSCO chart. The last BTD rally was in January. Since then, we just set new lows day after day on low volume. 2. The momentum traders are now scared out of the market, also. It's been a long time since they could find any chart in techland with momentum. They are firmly on the sidelines (or broke). They won't start to come back until we are months past the bottom, and probably 30% above the bottom, wherever that turns out to be. 3. So, who'se left? The Value investors. The people who buy precisely because everyone else is selling. The people who buy on the basis of fundamentals, and don't care how horrible the sentiment is, or how horrible the chart looks. When they step in, and not until then, a bottom will be in.