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Strategies & Market Trends : Ted Warren's Investolator
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To: investolator2000 who wrote (1299)5/16/2023 7:45:25 PM
From: robert b furman1 Recommendation

Recommended By
investolator2000

   of 1795
 
Hi I2000,

Watch the volume. As a stock keeps bumping its head on resistance, the sellers get absorbed.

Soon the resistance can become support, but it took time of nervous ownership to reduce or sell off there position.

What needs to be seen is lower volume and fewer sellers.

Don Wolanchuk says it the best and the simplest:

Get up to it, fall back and hit it, then pop up over it and fall back to touch it, a couple of times and then go up again.

Pretty much the usual track of a great stock under control.

To some discouraging, to the Investolator, it's what we hope for! <smile>

Bob
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