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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Sharck who wrote (13989)3/30/2001 10:07:43 AM
From: JRI  Respond to of 37746
 
I bet Ameritrade buy index is at 100% today...this is distribution...big guy to little guy...funds are running from JNPR, CIEN....what does that tell one about the outlook?



To: Sharck who wrote (13989)3/30/2001 10:14:19 AM
From: JRI  Respond to of 37746
 
This thing's toast IMO....we are not "testing" the bottom here....we are drifting into oblivion....

Simple question: Why buy? That is the answer here, I believe...

(Sorry for the hubris....but I just think any attempt to rally today is pure and unadulteration distribution)....next week is really going to have a lack of buyers...and the big guys know it....and they're trying to sneak out the door today...

Problem is...when we slide thru 1800 so easy......ouch...