ASK Vendit Off Topic Questions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : ASK Vendit Off Topic Questions

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Northern Marlin who wrote (15967)	11/7/2000 3:13:19 AM
From: Walkingshadow	Read Replies (1) of 19374

Hi Phil, Vendit gives an excellent response IMHO. You would be well advised to read and re-read his post. I would only add the following: askresearch.com Note the bell-shaped volume envelope. Volume picks up on the downtrend, then dries up as the stock moves up. This suggests to me that as the stock moves up, it runs out of buyers, and thus cannot sustain the move. It also suggests there are a lot of sellers, and they haven't yet been flushed out. You must have greater buying pressure than selling pressure for a stock to continue to move up, and with WJCI, this doesn't appear to be the case. I would completely agree with Reid that the stock gives signs that it has run out of steam, and will soon reverse, probably on high volume. The last 15 minute intraday candle supports this as well---a selloff, on 10% of the total daily volume, all within the last 15 minutes. I suspect the late selling will show follow-through at the open, and continue. JMVHO.......... WS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next