Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (9673)	3/20/2002 8:26:09 PM
From: gold$10k	Read Replies (1) of 36161

Frank, <<A lot of paper is being exchanged, for really no good reason, other than boredom by itchy fingers.>> You may be right, but there may be other explanations. If within the trading range there is larger volume on the price rises than the drops, then that would be a sign of accumulation and an indication to me that it is safer to buy. Guys like you and me are small enough to buy or sell without unduly influencing price, but bigger buyers will start buying at their preferred price and stop when it reaches their highest acceptable price. Then they wait for the price to drop and start buying again. A trading range for a sector can also provide an opportunity to rebalance one's PF and make some spare change while waiting for the next move. IMHO, if we're not ready to move now, it will be soon. Regards, vt

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