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

To: Mani1 who wrote (147016)	5/9/2002 10:37:12 AM
From: tejek	Respond to of 1577931

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 You're looking at just the Nasdaq. I am looking at both markets.........after all, the DOW is the stronger of the two and it did not show good breadth and volume yesterday. And it should have if yesterday's rally was a bull market rally. But it didn't, and that means to me that yesterday's rally was nothing more than sector rotation. 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. That's typical of a bear market rally.....they rip out of almost nowhere....plow ahead as if there is no more tomorrow, then fade quickly. I can't believe we're down today.....its really disappointing. 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. That's right.....I just moved my stop losses up so that I don't lose the big move by my tech stocks yesterday. However, I was hoping for at least two days of profit instead of just one. I am just glad I did not buy more near the close. ted