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To: Captain Jack who wrote (59383)4/22/1999 1:27:00 PM
From: rupert1  Respond to of 97611
 
Volume has been huge for many days around the $23/24 mark . There is obviously very heavy buying going on at these levels strenghening the base. There has usually been a net inflow of funds. Not to say that it cannot go lower, but sooner or later the selling at these levels will dry up.

I would think that there is a lot of buying interest on the sidelines waiting (a) for confirmaton that this is the bottom (b) to get nearer the uptick (c) for reassurance that this year's earnings will be reasonable (d) for money in faster moving stocks to finsh their run and become available (e) for hard news about AV, CEO, 2Q, forecasts.