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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Teresa Lo who wrote (2908)8/16/1999 1:14:00 PM
From: Teresa Lo  Read Replies (1) of 18137
 
Spinng tops are an important formation -

On Friday RHAT was in the process of making a spinning top on the daily chart and it was do or die time, since volume had been going down as the stocks was moving up, which was bearish. At the end of the day, RHAT made a large doji - for indecision and today, traders make the decision to lock in profits.

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