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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (147013)5/9/2002 2:48:10 AM
From: Mani1  Read Replies (1) | Respond to of 1577918
 
Re <<I agree. Today's was a bear market rally; the volume and breadth sucked. I say we're lucky to go 6 trading days with this one.>>

I am not sure we agree on much. :) Volume sucked? Far from it, Nasdaq did over 2.4 billion shares, very strong. Breadth was also great

"Volume was very strong as was the up volume/down volume ratio. " finance.yahoo.com

My problem is that it was too strong for no real good reason. We got no capitulation. Everyone jumped in to not miss the boat. It was like someone lit a match and shorts and dip buyers where the fuel. I think the real multi year bottom happens later this year as a larger number of people just throw in the towel.

No reason to not make money in the mean while however.

Mani