Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.56

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To: Michael Rich who wrote (14868)	12/3/1997 4:15:00 PM
From: Judy	Read Replies (1) of 69885

Mikey, watch the cummulative volumes on the data carefully. Buy volume kicked in heavy at the end. Market is stable and not ready to fall apart just yet. CSCO and QCOM closed nicely at breakout points, tech bellweathers moving up. Again, the key is to look for distribution as stocks move higher ...BUT cummulative volume of daily data collected must be 90 percent or more for mf read to be reliable.

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