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Technology Stocks : Riverstone Networks (RSTN)

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To: ahhaha who wrote (53)6/11/2001 12:18:32 PM
From: Robert New  Read Replies (1) of 290
 
I look at volume trends closely. The light volume move up suggested that we might (and we did) put in a lower high on the chart and that is not a good sign technically. Thus I will wait for this to settle before reentry. I think of volume as supply and demand. When volume is lighter on an upmove versus the downside then I look at it unfavorably. Likewise when a stock moves up on heavy volume and pulls back on light volume I remain favorably disposed towards the shares.

Hope this helps...
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