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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (16197)	2/8/2003 5:07:05 PM
From: Steve Lee	Read Replies (1) \| Respond to of 19219

Volume data is available from a variety of unbiased data sources. For instance, yesterday's Nasdaq 100 volume was 682M, in the bottom 5 percent by volumes of trading days in the last several months. Meanwhile the put/call ratio excluding index options and index trackers (a good indication of dumb money) has been very low. So if the smart money is selling, but we are not seeing massive volume or massive declines, then someone must be buying. Just looking at the call volume alone indicates that the public is quite active in buying - and therefore not resigned.

To: Lizzie Tudor who wrote (16197)	2/8/2003 6:21:29 PM
From: lifeisgood	Read Replies (1) \| Respond to of 19219

Steve, do you have some sort of source for that which is unbaised (no contrary investor or prudent bear)? Here is one source that validates that the public continues to buy the dip. Follow it for a while. It's amazing how buying picks up at tops and drops at bottoms. They don't call it "dumb money" for nothing. ameritradeindex.com best.. LIG