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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: Nanda who wrote (1667)8/7/1997 4:27:00 PM
From: tech   of 10786
 
Nanda,

True volume precedes upward price. Look at CSGI's and ALYD's volume here. I am almost certain that this is FALSE VOLUME.

CSGI traded over 206,000 shares up only .40

ALYD traded over 323,000 shares down -.50

The concept that Mad Monk is telling you is correct only when the stock closes up not down. Volume on down days represents downward movement in price.

I truly feel that the MM's of both these stocks are trying to rap up the volume to promote interest.

There may be news ahead there may not be, but the volume and price movements on both these stock stinks with manipulation.

After a day like today any technical analysis on either of these stock can only be done with indicators that are independent of volume. I predict that we may continued volatility and volume manipulations on both these stocks. It will take about 21 days for this kind of nonsense to work itself out of the charts.
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