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Strategies & Market Trends : Investor's Business Daily

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To: -Mad-Jon who wrote (114)	8/27/2000 11:08:22 PM
From: -Mad-Jon	Read Replies (2) of 164

Regarding sell rules - he mentions a few very useful clues to a stock's top; 1. A succession of gains on decreasing volume; 2. a climax run - new highs in quick succession on increasing volume; the hint here is if it closes well below the high of the day; could indicate a reversal and 3. Successive declines on higher volume. There are others; I'll have to dig the book out. In retrospect, it can be said that the action in early to mid March was very toppy; a look at the charts of that time should be very instructive and cautionary. It is interesting that there was tremendous volume during the entire top in the market. A stock that pauses, declining on lower volume, is not a sell signal, but could indicate the formation of a new base. He also mentions that not all bases are cup&handle-shaped; he talks about other shapes; I'll review and get back on this. Regards, Jon

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