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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Instock who wrote (2417)8/21/1997 1:51:00 PM
From: James Strauss   of 79444
 
LUNN...Filling Auto Pilot Sell Orders...

>>>I would like to learn, somehow, what does cause's it. Buys are still coming in at the ASK, basically no sellers to speak of.<<<
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Instock:

We are seeing profit taking.... People who bought at lower prices set their Limit Sell orders at the next major overhead resistance (1 5/8)... So, we have a lot of people getting out as orders are automatically kicking in... The good news is, we have a lot of people getting in... What bodes well for this tug of war is that the price has not dropped... This shows powerful buying... Maybe if we all bought a few more shares we can break open this Dam... : >

Jim
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