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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (13318)	3/2/2002 6:16:43 PM
From: Susan G	Respond to of 26752

duplicate

To: j g cordes who wrote (13318)	3/2/2002 6:18:01 PM
From: Susan G	Read Replies (2) \| Respond to of 26752

From my memory, March has been lousy every year since I started trading. After all the daily talk of volume on cnbc, I was quite surprised that not once yesterday did they mention that the nasdaq volume was nothing to write home about. And the majority of it was shorts, especially in the SOX. MANY were short the break of that neckline on the SOX head and shoulders, and had no way out when it turned out to be a fakeout trap to the downside. Low volume rallies usually fail, so that has me extremely cautious. So do tests of overhead EMA resistance in bear markets, and that's where we are... Still just a bear market rally IMO, until the proof is on the charts. There's a big possibility this DOW move could be a trap just like the move over 1000 in 1973 was. Everyone boarded the train as it made a new high and that high was the top for almost 10 years. The 90 degree turns in sentiment overnight, on a few eco numbers, will never cease to amaze me...