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

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To: Dave H who wrote (4436)12/26/1997 11:58:00 AM
From: ivan solotaroff  Read Replies (2) of 4701
 
Dave:

Been watching the ROMT massacre on instant replay, using Yahoo and my Reload button. I get it: The run-up over the last two days happened on decreasing volume, which meant vulnerability, which in turn meant an easy short by the MMs (this run-down is on equally little volume).
No regrets, because it's all part of the education: When you have good returns in a very short period and the volume is showing overbought conditions, take your profit, and don't bitch if it pulls a RECY on you.

Ivan
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