TSIS: WHAT IS GOING ON? Message Board

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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?

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To: Tai Jin who wrote (6166)	6/2/1999 9:12:00 AM
From: John S. Baker	Read Replies (1) of 6931

I suspect that you are right. Here, courtesy of www.bigcharts.com, is a way of looking at the situation graphically. The horizontal red lines represent the percentage of all transactions which occurred at various prices during the time frame. 206.146.143.80 Squinting, it appears that we still have to work our way through transactions equal to the bulk of the purchases during the past 24 months. Put another way, we are only beginning to work into the "help me get even so I can get out of this stock" range. (To be more precise about determining support and resistance levels, one needs to do the analysis numerically, as I reckon you have.) The good news in this chart is the upturn in the lower line ... money flow ... during the past three months, which suggests some fairly decent accumulation despite the price. In the 12-month chart, it is even more pronounced. 206.146.143.80 This is a pretty positive indicator. JSb.

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