I strongly believe that the charts often speak themselves, you
just need to look at them from the right angle and at the right moment
- JB90

	Market commentary by JB90	aka JapanBear90 on the Bear Forum
06/22/2001	Insiders selling hi techs at record pace
	Let's see how our pattern is developing. It was observed in our previous commentary . Blue lines (once being support) continue to play next resistance trend line role. Short excerpt from "Times" newspaper : On the high-tech Nasdaq stock exchange, selling directors now exceed buyers by a factor of five to one, the highest ratio recorded by Argus Vickers, publisher of the Vickers Weekly Insider, a closely watched survey of directors’ dealings. The New York Stock Exchange is showing signs of a rout with selling directors outnumbering buyers by six to one, the highest level in 12 years, and evidence that boardroom gloom is spreading from high-tech companies to the wider industrial sector. Entire article here If people who know their businesses from A to Z are selling that heavily then I think it's a rough time to go for bargains now. It's too risky as stocks may easily go much lower. Good luck, JB90                                                                           Subscribe to our newsletter
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