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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: furrfu who wrote (84285)	6/24/2002 3:48:28 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 99280

An important technical During the 62 point rebound in the Nasdaq from 1 to 3PM EST, the total volume over those two hours was 600 million. This is nearly identical to the volume during the first 90 minutes of trading as indices were heading down. My point: the "turnaround" was not accomplished with the heavy volume one would like to see at the start of a rally. This is more likely "same old, same old" rather than the start of a countertrend rally which will last 3-4 weeks.