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Technology Stocks : Trading TAVA

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To: Money Mood who wrote (341)5/12/1998 11:22:00 PM
From: Hawkmoon  Read Replies (1) of 655
 
viktor,

Never having ever had the guts to short a stock (not in this bull market anyway), I know only what I have observed and learned from others.

The only way I believe one can really tell is to watch the money flow. And if you look at todays money flow chart, we took a pounding.

According to Bigcharts, TAVA took a pounding on the money flow indicator unlike anything we have seen since the symbol change from TPRO.

bigcharts.com

This does not bode well for the stock price although we may get a dead-cat bounce. Someone is looking for a retracement to a lower support level around $11.

JMHO.

Regards,

Ron
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