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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (42109)	6/14/2002 10:49:17 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

A note to the trader-types on the thread (me included)... That feeling you have in your stomach right now is greed and fear: fear of missing the best price. Unless you are a wiggle trader, there is no need to step up to the plate here. Sure it looks like the start of something, hell, we can all see that. I say, have another coffee and see if price can do some damage to the upside. If it's a good s-t bottom, it'll give us a run of a couple of weeks.

To: Shack who wrote (42109)	6/14/2002 10:51:25 AM
From: John Madarasz	Respond to of 209892

NDX and OEX do not seem to be leading in any great regard... The latest program trading statistics were released by the NYSE after yesterdays close (see report), and the percentage of program volume executed for member firms accounts jumped to nearly 35%. That's a significant increase in program activity from previous weeks, and the heavy volume figures over the past several days suggests that program volume remains above average. Since the September bottom, a pickup in program activity has generally related to a rallying market while a drop in program activity has related to a falling market. This tends to suggest that institutions have been and will continue to bring out the big guns in an attempt to keep the stock market from plunging into new lows. *Next Bradley turn comes: June 16th, 2002 (Low) Recent turns: 06/11/02 (High), 06/09/02 (low), 05/27/02-05/29/02 (High) +/- 1 day