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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: blitzfund who wrote (5852)	10/9/2001 2:09:24 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 8150

blitz, Interesting charts..., never looked at them as concave patterns. The weakness in the charts is obvious to many...! But....., "...resilience despite further signs of economic weakness, negative pre-announcements and ongoing fears of further terrorism. Rallies have exhibited strength, while declines have come on light volume." "Strength in the face of negative news is another sign that the market found its price lows on September 21st, but it is still possible we will see this level tested again (more or less) this month before a sustained rally kicks in." "One way or another (re-test or no re-test), I expect that this final quarter of 2001 will see a sustained rally. We have successfully replaced the "buy the dip" mantra which had remain entrenched in the investor psyche for so long with a "sell the rallies" mentality. Smart Money, meanwhile, is now accumulating shares. The final hour of trading every day since the latest (9th successive) rate cut is notably strong. This is not a point to take lightly, this is when institutions are dominant in the marketplace. Institutional activity is extremely important for sustained moves. We know from watching the Ameritraders that the public whims do not move markets... but institutions do." Marketbug