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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: vegetarian who wrote (6470)10/28/1997 3:32:00 PM
From: Cynic 2005  Respond to of 18056
 
MC, huge volume is normally a sign of reversal. Today's surge could very well indicate a bottom. The other possibility is an abyss shortly ahead of us. I am betting on the latter by risking some of my recent gains. My logic for this is that the last bit of buying power is taken out and there is a good possibility that there won't be any buyers left after today. Charts are of no help now. You have to go with guts and fundamentals.
Good luck!
-Mohan