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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17348)6/7/2001 11:18:56 PM
From: bobby beara  Read Replies (2) | Respond to of 30051
 
, I will be back on board if we breach 2388 with volume and expansion of new highs, and lose very little,>>>

Zeev, i believe thats the flash point, your complaining about the volume is moot, the volume is low because the nasdaq has been in an indecision period since april 20th, bulls nor bears have ownership of the tech market since then, we need a volume break one way or another to let us know who's in charge, or a peep and a reversal, to know we are still in a box.

c



To: Zeev Hed who wrote (17348)6/7/2001 11:35:22 PM
From: Mike M  Read Replies (1) | Respond to of 30051
 
Zeev we are not arguing about WW capacity. We are discussing market liquidity. The things you point out are true enough to be a problem somewhere down the road. I just don't think the market is ready to address them now. I agree that excess valuations will result from excess liquidity. We certainly disagree on whether this is momentum. The good thing is "time will tell".


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