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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: Rattle_Shot who wrote (9602)5/10/2006 1:28:46 AM
From: hubris33   of 13449
 
Rick, nice chart! This looks like a lot of charts that come up during my screens.

I am concerned that many of these stock are up 30% to 50% so far this year. While there is nothing from stopping a stock from climbing further I wonder how much a stock that is up 50% can run during a breakout.

Another thing dabum has taught me is to look at the volume of NYSE stocks. It looks like the average volume runs under 500K shares per day. Now I'm not certain as to the inter-play between volume and price and which is preferable, which is mandatory or which is is flexible.

Perhaps this is a good example to discuss the issue further. Which would be preferable WAB (high price, lower volume) or BRCD (low price but HIGH volume?)

Good luck with the trade!

H3
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