Studying charts of stocks that ramped 10%to 24%
Posted By: Timid Bear
Date: Thursday, 5 April 2001, at 10:56 p.m.
CIEN, IDTI, AMAT, ADI, NVLS, KLAC, LSCC, ALTR, ADBE, SEBL, AMCC. I may have missed one, but I didn't see one where
volume today exceeded yesterday's.
So I went back to my 10-min chart of the NAZ. It was less than yesterday and had tapered off toward the end of the day
compared to recent higher volume days.
The breadth on the NAZ was 24:1 which is apparently the most lopsided in the history of the NAZ. (courtesy of Stack tonight).
But a bull still has to have volume. This was not it. Maybe it will pick up. But if it doesn't, there's not much doubt about the fate
of this rally.
Timid |
