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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dan Duchardt who wrote (13508)8/12/2001 3:44:57 PM
From: Apakhabar  Read Replies (1) of 18137
 
Hi Dan,

Would you not concede that your perception is one thing, but your conclusion is another? Specifically, why should "a number of trades going off at the ask [indicate] a lot of buying pressure...."?

The key word is pressure. You noted buying at the ask. That's a perception. "Pressure" is what you concluded that buying meant. Yet when the stock went down, you're calling into question not the validity of the "pressure" but rather the validity of the "buying."

If you prefer to think of noting the "pressure" as also being a perception, and not a conclusion, that doesn't change the fact that it is a separate perception, i.e. "buying pressure" is not one perception but two.
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