The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: bazan who wrote (17330)	5/20/1998 5:22:00 PM
From: shasta23	Read Replies (1) of 79429

Hi BAZAN! Price didn't move at all when these big blocks went over ticker. I think this is what you call swaps(56+40 = almost95k) between to big customers for a fixed price (and therefore also no price move afterwards). But i actually don't understand the concept very well but have read about it on other threads. But the question remains what this all means. Right now the stock doesn't look weakening. Actually the ask was higher since in days and stayed at 13 3/8 the whole day. Like in a lot of small stocks the volume was except for these blocks pathetic. No one wants to buy or sell at this point and so an hour or two goes by(buy?) without a single trade. Market was no real help today since it was confusing with big tech sell-off(DELL/INTC etc..)and weak Russell2000 but strength in the DJ30. If we really go into a correction the CLYS will maybe give. If not it might be a good idea to reverse position on CLYS into long since then this plateau might just be the floor for lift-off. I will tighten my stop to cover this baby! But i'm very curious what the TA meister has to say since he was still confident about the down trend a few days ago. Stefan

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