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Strategies & Market Trends : The Amateur Traders Corner

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To: Brandon Buttons who wrote (1250)	9/23/2000 1:05:12 AM
From: Paul Kern	Read Replies (1) of 19633

To me it looks very weak since it can't hold even half of the intraday gains and OBV is, at best, flat on the daily. I think I'll hold my position and wait for the 70s to cover. It's a very different view to look at the daily chart for 10 days as opposed to the 5-minute or 15-minute intraday charts. What I think I'm seeing is day trader action, especially when I look at the end of the day drop as they clear their positions. Paul

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