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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Richard Estes who wrote (5244)11/7/1999 5:39:00 PM
From: TraderAlan  Read Replies (1) of 18137
 
Richard,

If your stock ticks 1/8th of a point over a support level and you see a flurry of trades at the ask, what do YOU think is happening? Not rocket science, is it? The mice aren't very sophisticated.

The power in the T and S is the "cadence" more than the price. If the flurrry eats up the size at the ask and you get another uptick, not much more you need to know.

Alan
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