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Pastimes : Richard Ney and the Wall Street Gang -- Ignore unavailable to you. Want to Upgrade?

To: NoName who wrote (377)	8/7/1998 1:22:00 AM
From: BenYeung	Respond to of 492

Nasdaq UP 41 points on average (770 Million) volume in a steady rally from the first minute until the last trade. Clearly proved that S/MMs drops w/ high volume ("cleaning out the lower territory) and are unloading in slightly less volume, so they can go down again with less to pick up. From my experience, telling people about Ney's Theory (especially the "REALLY EXPERIENCED ONES WHO THINK THEY KNOW ALL ABOUT WALL STREET") will cause major backfire and thats how I retreated to this thread to discuss this contrarian topic. On the other hand, novices usually don't understand what you are talking about. Most people are turned on to Ney after they encountered some unsolved questions, and Ney's Theory became an apparent answer. While I can't say the Ney Theory is the answer to all and we should all pick companies Ney's way, I am more cautious and smarter when it comes to timing.