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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: DOUG H who wrote (1269)	8/29/2001 1:50:36 PM
From: Boplicity	Read Replies (1) \| Respond to of 8752

re: You think the dried up volume denotes diminishing of sellers and reluctant buyers? Both. Once we start getting near the retest, if it's going to happen, we should find out rather quickly what the health of the market will be. The market needs the retest to find out what's on the players minds sooner the better. Are they in waiting? Are they still scared? Have they walked away? There are a couple of ways we can find out the answer to those questions, by the retest holding or failing, or slowly building a base while wait for the recovery. Look what has happen since the CSCO stabilizing comment, it has been totally discounted and brushed aside. The market health is very poor still. I see the need for more selling to get rid of the scared money. If we keep on the same route we are on now, it's going to be slow, long drawn out affair, so I want a retest soon, not later. Tis the eve of the season for such market action as it is. Greg