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To: Lucretius who wrote (55)5/4/1998 7:19:00 PM
From: bw  Respond to of 14427
 
<A lack of buying pressure is what will bring this bloated cow down, not selling pressure.>
Good point...This is one reason that I have always had a hard time with those that say, when a stock goes down, "the weak hands are being washed out, and now the strong remain". As if only those holding their shares is going to make the stock go higher. It is, in fact, traders that make the volatility & provide the liquidity to propel the market upward. Once everybody is on this train, the destination has usually been reached...