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Joe Stocks

06/08/04 10:44 PM

#254941 RE: Dances-W-waves #254938

>>Who are we to argue with em?<<

"Intraday" you don't. My response was in regards to a prediction a few months out. The program traders have given us extreme optimism with no volume. Many are still sitting on the sidelines. If the program traders can't get others into the market soon with volume, I don't think they will put that much more on the line to get them to 2350-2500 on the Nas without seeing some interest from retail buyers as reflected in increased volume.