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Strategies & Market Trends : Technical Analysis - Beginners

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To: mark bailey who wrote (8391)	6/29/1998 9:17:00 PM
From: Nazbuster	Read Replies (2) of 12039

...stock needing to make a move within 2/3 of the formation. I forget which of the books mentioned it, but they really made a point of it. Said, "Don't trade after 2/3 of the triangle formed." I can look it up if you want me to. Declining volume on a stock with a short term down trend could indicate selling is drying up and the buyers haven't appeared yet. True, buy it's safer to view it as both buyers and sellers have disappeared. When volume reappears, you'll have your signal, but wait for the breakout and confirmation whether upside or down. The books also recommended comparing daily and weekly stats. If long term trend is up, the short-term down might not be as significant. I'm just learning... this is all too much to absorb with any certainty. I'll feel better after my 2nd reading. I appreciate this thread for us beginners!

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