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To: Lizzie Tudor who wrote (13921)	9/19/2002 9:06:19 PM
From: techanalyst1	Respond to of 57684

It is......... but it's options expiration week. I had a bunch of puts and sold this week, the last few today. That gets counted as put volume even though I didn't buy them. In a bear market, the bears are right. No one was looking at how many people were bullish all the way up and claiming it as a contrary indicator. Still.... how can anyone think there hasn't been lots of selling the last couple years? If that weren't true, we wouldn't be sitting down here. I think we go from bear to bull by trading sideways for a while and there are some stocks doing that now. Seems a little on the capitulatory side today, but we've been down this road before. I bought my merq shares today (although I didn't expect it to slice through mid 20's like it did, so we'll see what happens to it tomorrow. TA

To: Lizzie Tudor who wrote (13921)	9/19/2002 9:31:32 PM
From: fedhead	Read Replies (1) \| Respond to of 57684

From people I have talked at work, they are still holding onto their stocks saying its too late to sell. Most haven't changed their 401K allocations either. I believe this leg down will have a lot of these people selling. I believe your broker might have referred to people who have stopped trading (I can believe that as most people I know have stopped looking at the market altogether) but still have their "investments for the long haul" in the market. Owning stocks for the long term thesis is going to be tested in this downleg. Anindo