Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: CommanderCricket who wrote (8439)	3/19/2006 8:18:26 PM
From: chowder	Read Replies (1) of 13449

I don't know Michael. NTO is a low priced stock, so a lot of volume won't be professionally driven. Since the retail trader can buy larger lots, it defeats the purpose of trying to track big money by way of volume. In any event, the break out has failed at this point. You have a long topping tail on Friday. Price gapping up at the open would go a long way towards getting some momentum to confirm a break out. A gap up at the open should entice additional buying. You may want to check and see if NTO has any of the signs of impending danger. Message 20718173 If you look at a weekly chart, NTO is still in good shape. Your time frame should determine which chart to use and which chart to apply the above signs of impending danger. dabum

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