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Strategies & Market Trends : Predicting news and runs for big % gains

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To: scouser who wrote (729)	11/14/1999 1:47:00 PM
From: J. Nelson	Read Replies (1) of 2182

If a stock has a W% up move from say 100 to 30 and remains in the top of the band ie. 20/30 for a few weeks and falls with the price back to it's starting point at W%100. ie. from let's say $1.00 to $1.15 during the up of the W%. and falls back to the $1.00... Now a 4 or 5 day rest at $1.00 takes place yet the issue starts to move up again on the W% for a month more with the price only moving up again to $1.15 high with the W% going back to the 20% and holding a 20/30 range for a month. Only to drop back to the $1.00 base. With that action can you tell if there was a buying going on if I said the volume and RS was strong, ie. more than back 3 months past. With this in mind now the issue drops for 10 days down and hits a new low for 2 days. (is this starting to sound like news was coming and someone has not sent it out) IYO, would this be the type of issue we should be looking for to use as the heading say's T/A to predict news? Just wondering if I have this one right for using with the W% over chart reading.. Thanks in advance, Jim... :~}

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