LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: BoNg-N-BoNg who wrote (8174)	2/9/1999 4:08:00 PM
From: LastShadow	Read Replies (3) of 43080

You can't necessarily go by those resistance levels. You have to go by the Value Weighted Average price (VWAP) - that is, the collective price-volume of the stock against the accumulation/distribution trend. ONSL for example could conceivably go as low as 29, which was teh start of the ballistic climb on 11/24. Since we are not dealing with historically logical charts, it would be risky to assume those same downturn patterns apply. We are all going to learn this one together it looks like, since no one could predict the movements going up, the same will hold going down. lastshadow

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