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: marginmike who wrote (9111)	8/6/2001 2:05:55 PM
From: JRI	Read Replies (3) \| Respond to of 209892

Pathetic volume? Well, obviously the houses don't believe their own hype...for they are pushing for a rally hard (AJC 25-30% overweight tech....are we serious?), and yet, they obviously AREN'T buying... I think J6P has left this market (witness malaise on SI, etc). I think newbie shorts got blown out in April, and some never return (and some who did couldn't manage trading this range successfully). And I think the houses are holding a ton of stock, haven't panicked yet, but have no one to sell too (so they hold....and wait....) Given near all-time % equity allocation for managers, hard to be too excited about the "low-volume" retest scenario, and BOOM up IMO....I think we almost have to go to lower-end of larger wedge again, to get any lift for market. I'm out...bears win this argument sooner or later because stocks quite overvalued still..