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

To: da_cheif™ who wrote (36974)12/13/2008 9:27:42 AM
From: dvdw©  Read Replies (2) | Respond to of 207845
 
Swenlin says; with internals now becoming overbought, time is running out. The problem, I suspect, is that the only buyers are nervous short sellers. Once the shorts have covered, new buyers needed to continue the rally fail to materialize because nobody wants to buy this market

funny, market is now overbought...and yet he says nobody wants to buy.

"with internals now becoming overbought,"...this comment tracks back to the soon to be infamous Maddow school of panzi scheme discriptors.

three contradictions in one paragraph....in an otherwise useless surmise about his commitment to obfuscation.



To: da_cheif™ who wrote (36974)12/13/2008 11:35:48 AM
From: SwampDogg  Read Replies (1) | Respond to of 207845
 
From what I see volume is higher on up days than on down days. One would expect that the volume would be lower than on the panic capitulation days of late Oct and mid Nov but every pullback that we have in this market since the low has been on lower relative volume.
It is also obvious that forced selling will be over by next week and fund managers will once again be trying to make some money.


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