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Strategies & Market Trends : Technical Analysis - Beginners
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To: Richard Estes who wrote (10133)4/27/1999 12:16:00 AM
From: TA2K  Read Replies (1) of 12039
 
"random luck on which way [price is going to head based on the 'no-activity indicator']"

That's why I was really trying to watch the action following the no-activity period (30 minutes), looking for a clue as to which way things would likely go.

"How many times have you seen this?"

For this *particular* stock, it seemed quite the exception. In other stocks, a 30-minute pause is common enough. This particular situation is happening after the stock made some recent nice gains, and profit-takers have pretty much finished. Now the market seems to be trying to decide if it's 'carcas city,' or if accumulation should begin anew, building for the next level up.

"no one was interested in selling or buying"

Definitely two edges to the sword.

"Quick assumptions lead to drastic mistakes."

Yes, I've, uh, had some experience in that department....

Thanks, Richard. I'll let you know what happens.

Nicholas
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