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To: TheStockStalker who wrote (6234)	3/17/2001 10:13:11 PM
From: Not_Active	Respond to of 8925

Great chart and analysis, PDT ... especially since it corresponds with my own preconceived ideas! :o)

To: TheStockStalker who wrote (6234)	3/18/2001 2:07:26 AM
From: Michael Watkins	Respond to of 8925

The extra volume of one trading day is statistically insignificant to change the outcome for the next several months or years. But rather it is the fingerprint left on the charts as to where the dumbest money chose to exit I guess the diabolical other side to this thinking is that a decline on increasing volume signals that the decline is not over. We don't know it was over until hindsight is available to us. In other words, this months big down bar (still under construction of course) on the monthly accompanied with big volume will not be 'the bottom' if the next month should continue that trend! ;) While we are looking at interesting anomalies, we should consider that the Nasdaq has not had a gap down week since 1987. It went lower still the following week ... Michael

To: TheStockStalker who wrote (6234)	3/18/2001 2:21:48 AM
From: ig	Read Replies (1) \| Respond to of 8925

I agree about the Naz volume, pdt. I hear everyone saying "Don't try to call The Bottom," but anyone who isn't at least appreciating the potential for a bottom very soon is missing a bet. Also, take a look at the potential for a MACD divergence bottom very soon: dtraders.com ig

To: TheStockStalker who wrote (6234)	3/18/2001 11:47:26 AM
From: Andrew G.	Read Replies (1) \| Respond to of 8925

Contributing to the volume was short selling and automated day trading programs. Are you really serious when you say that this is "where the dumbest money chose to exit." ? How about this is where the boldest money has been shorting and scalping ? Also, consider that no chart foretells the future. Past patterns are not repeated identically, and we live in a different time and circumstances than other recessions. The fundamentals cannot be ignored. In general, charts often mislead.