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Strategies & Market Trends : Tech Stock Options
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To: Darth Trader who wrote (34781)2/7/1998 1:42:00 AM
From: Kevin Walsh   of 58727
 
Hi DT, I understood Arms as saying that after studying many sets of sideways movement that had significantly greater than average volume, if volume started to decrease and the price action was still sideways that would indicate an impending upside breakout (with high vol). However, if volume stays heavy with sideways pattern, historically that indicated distribution or a top. Therefore, he believes that we're currently experiencing a top.

Hope this helps,
kw.
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