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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (4037)8/6/2002 5:37:50 PM
From: Peace  Read Replies (1) | Respond to of 207123
 
Nervousness about the Cisco report after the bell had the market hesitating. Look at the voulme. We should see volume pick up tomorrow and continue the rally.



To: GROUND ZERO™ who wrote (4037)8/6/2002 9:15:34 PM
From: da_cheif™  Read Replies (3) | Respond to of 207123
 
theres no such thing as a failed rally.....the fact is that the boyz wat control our financial destinies manipulate the dow with their hammers.....ie...specialist short sales.....the reason is of course to maintain inventory control...when in the process of taking the market up....they must sell short in order to provide inventory to meet the demand from those that are astute....then they hammer the market in order to stop the buying and to precipate a decline in order to get their short sales covered at a profit and as the statistics indicate the members of the exchange continue to accumulate inventory at a historic pace.....as this constant hammering has caused the public to believe these are nothing more then failed rallies and this invites the public to short heavily as indicated by the very outlandish and heavy odd lot short sales reported in barrons every week...and of course the numbers show a benchmark low in the amount of specialist short selling as a percentage of their selling along with members buying stock at a dizzying pace....in other words the casual observer will interpret the action bearishly and thats as it should be.....but the casual observer is presented the charts of only a couple of indexes designed to fool the majority....if instead of the dow or some other popular indexes the chart of the nyse weekly ad line was in the wsj there would be an entirely different attitude about the market.....and putting the value line arith index on the front page wud do the same....however can you imagine wat people would feel like if the only chart of the dow that was presented in the media was the monthly chart going back to 1974 or 82 or 87.....now that would be a hoot wouldnt it....snort