Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (6398)	7/6/2001 12:26:24 PM
From: JRI	Respond to of 209892

Looking at QQQs and COMPX.....its about average for this time of day....maybe a shade on high side....but certainly not huge, capitulatory volume one would expect.... Dow volume definently average (at best) Doubt seriously we'll do 2B on COMPX..... Yeah, I was suprised too......maybe it'll pick up this afternoon...or maybe, as we both summised, we have more down to go... My (continued) take: Wouldn't low volume be expected if we are making a much bigger down move here (as we turn here)....as we continue to head down (3&5), i'd think volume will increase....and we won't get "capitulatory type" volume until VIX, VIN, P/C are all at capitulatory levels........and indices have completed their 5 waves... (Note: 3 down should bring some big volume, and pretty big sentiment spikes too)

To: AllansAlias who wrote (6398)	7/6/2001 12:33:36 PM
From: JRI	Respond to of 209892

As a frame of reference.....re: QQQs....on the big April/May days....we would do high 80s, 90s M volume...I think we've done over 100m on a few occasions As of 12:30 PM, QQQ volume was around 32M....we'll likely do somewhere in the 70s....although, like said, something nasty could get us into the 80s I suppose (slightly capitulatory, but not totally, really just a very strong volume day)..70s would be above average, but not that special, IMO COMPX volume looks, to me, like its not going to be as "capitulatory" as QQQ may be...no 2B day.. And Dow is probably the weakest of the 3...