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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Michael Hart who wrote (3261)	12/30/2004 4:00:36 PM
From: Vendit™	Read Replies (1) of 8752

Mike, You are correct in stating that a stock like ANTP is very hard to predict because of the explosiveness and low float. I just drew this chart to show you what is behind my thinking. The candlestick that is forming today is called a spinning top. It is a definite sign of neutrality of trader’s attitudes. The spinning top candlestick shape often marks a short term top and a sell-off follows. themarketwind.com If any selling begins tomorrow this will start panic selling by others who recently took positions at higher levels and stop loss orders will be triggered. Selling is generally orderly and will pause at each of the support lines that I’ve drawn on the chart. Normality will return when the stock’s price hits the lower trend line. Buyers will feel comfortable buying again at that level. Reid

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