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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (8193)	4/26/2005 10:50:29 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

A lot of buyers coming out of the woodwork late in the session as the market was heading down... pretty decent volume there. 139.142.147.22 Note the three volume surges in the afternoon at 1:30, 2:30, and into the close. That means most likely the market will rebound tomorrow as a result. We need more of this kind of scenario---market trades down, buyers rush the stage and stop the decline, then repeat the process the next day and the next day, while prices are stalled. That will set the stage for a strong rally in reaction to that accumulation. Bottom line, I am long, and I think short is pretty risky right now and going forward. The question in my mind is not if the market will rally, it's when. I just don't see much more downside here, the selling over the last 4 months has pretty much exhausted itself. T