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Strategies & Market Trends : WELCOME TO THE CATHOUSE
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To: bazan who wrote (821)9/29/2000 2:29:29 PM
From: ivan solotaroff  Read Replies (2) of 1065
 
Bazan,

Because yesterday's volume was only 18% greater than three days previous to that. That's not enough to spell exhaustion -- particularly when a stock closes 23.4% above its new low on the signal. The cats average 28%; why would you buy a stock that's already 80+ of your goal?
Hope that helps, and welcome to the Cathouse.

Ivan
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