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Post# of 704041
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ajtj99

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ajtj99

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Re: Zeev Hed post# 61715

Monday, 01/06/2003 4:06:13 PM

Monday, January 06, 2003 4:06:13 PM

Post# of 704041
Lots of big caps being bought, but A/D is not very impressive.
Lots of equity calls being bought, but put/call is still pretty high.

Plenty of reason to be cautious here. The volume is dismal for this move to be considered legitimate.

Some technicians would argue that this test of the 1430 area was on higher volume (I'm just guessing that it was based on the low volume we had in Dec). Even if it was higher than Dec. 9, it would be a pretty pathetic test.

SOXX came close to 339, the 50% re-trace off the 393-285 drop.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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