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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (1423)12/17/1996 6:21:00 PM
From: Gale A. Thompson   of 12039
 
Hello David! and the many others who have contributed and taught me along the way. I have made a magnanamous climb up the left side of this moutain and have gained greatly. I don't think I will ever reach the summit, so I don't need to be concerned with the right side plummet <g>.

I have now read all of the posts in this area and currently have a couple of questions. There will be more, I have a tendency to be a slow learner, but for now 2.

1) Please explain to me the relationship between volumn and price. The opening post states sell on high volumn, buy on low (purchasing long). That would suggest at low volumn the prices are low and vice versa. I don't know that that is necessarily true. Also, I've read that a sharp volume peak reflects a trend change...., could you elaborate?

2) Now that the market seems to be tightening up and you've commented that your tolerence for stops is tightening, is there a way to put in a bottom stop, but also to sell at a daily high and not give it all back? I guess something like 2 stop prices?

I want to thank ALL of you again for the great learning and inspirational trip.

-- Gt --
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