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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (57147)	11/6/1998 7:17:00 AM
From: Gersh Avery	Respond to of 58727

Hi E. Charting the trin helps a lot as it shows the trend of the block money. A momentary blip over 1 does not set a trend and is not a cause for panic. Think of it this way. Wall street has a product to sell. The price of the product varies just like everything else does with supply and demand. If there is a lack of supply the price goes up if there is a excess of supply the price goes down. So then .. say all day long there have been sets of time where a few large buyers have been buying blocks of stock and small folks have been selling. The action goes like this: MM sells 10K block to BB stock goes up one tick. MM buys 500 chunks from 3 SB guys = down 3 ticks. If this takes place over and over again the MM runs into a problem .. he runs out of product to sell to BB. While this has taken place the tick was negative yet the trin was lower than 1. I saw another post someplace else that said the person could not figure out the action just that the up volume had been larger than the down volume .. all day long<g> Now here is another item to consider .. the little guy is now one of the big guys (whaaatt??) Funds. And all the little guy knows is that he sold when the market was down and it's been doing nothing but going up every since he did it. catch the wave! Gersh