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

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To: Esteban who wrote (3733)	11/14/1997 1:35:00 PM
From: James Strauss	Read Replies (1) of 4701

BOSCF... >>>Any further thoughts on the probability of low volume reversal moves sustaining the reversal or retesting, in a general sense?<<< ************************************* Esteban: Yesterday's bounce was on relatively higher volume (236,000) vs under 100,000 when the price was falling... Normally you will have a quiet period when the selling is done... This appears to be happening now... But, instead of basing, BOSCF is moving up... The fact that the moneyflow is positive and MACD is about to turn positive says that whoever is trading on the lower volume is favoring the buy side... But, in order for the the upmove to be sustained we will need a pick up in volume... Jim

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