Posted by: federal reserves
In reply to: None Date:7/30/2003 3:07:21 PM
Post #of 136312
Ideal conditions for shorting
Since the spike high price & volume on June 6th, down days have
higher volume than up days, and last week Investor Intelligence reported a record number of climax buys, wherein a stock makes a new 52 week high only to close LOWER on the week. SOmething like 500 stocks did that last week!
Most folks are hanging around for the SADDAMMIE rally, which may not appear. Longs are getting to greedy.
The ideal big bear rollovers start with a big rounded top, then a drip, a drop, a little creek, a river, then a huge waterfall at the end.
