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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: Esteban who wrote (3731)	11/14/1997 12:33:00 PM
From: James Strauss	Read Replies (1) of 4701

BOSCF... >>>Would you consider a large intraday price move opposite the direction of the recent trend on LOW volume after the previous days high volume perhaps climax selling, as a sign of better things to come, or an opportunity to bail at a less painfull price. Check BOSCF. Note: this low volume move has topped the last five negative days.<<< ********************************************** Esteban: The move down to the 5.00 area was on light volume days... The move from 5.00 to 5.25 yesterday was on larger volume... This would seem to indicate a slowdown in the selling (exhaustion bottom)... The chart looks like a double bottom formation... Moneyflow was positive yesterday... MACD looks like it is turning positive... RS is positive... Today, it is up another .25... But not on big volume so far... I would consider the stock a hold with a mental stop at 4 7/8... Jim

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