Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: Atticus who wrote (2824)	1/28/1999 12:54:00 PM
From: Dr. Stoxx	Read Replies (2) of 39683

Atticus, Great name! Love that movie! You are very much on the right track. Price has corrected (is resting) after establishing a nice trend upward. The question then to ask is, is it too tired to continue, or will it rejuvenate and carry on skyward? One of the clues to the answer is volume. And that is what would concern me with FORE right now. Volume is declining. What you want to wait for is a day or two of increasing volume, accompanied by a close each day above the day's open (green candles). The stock did this back in mid-November, two days before it popped up for a nice one day gain. That pattern is a sure sign of institutional interest, and/or insider buying. Keep us posted, TC.

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