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Strategies & Market Trends : Zen Piffing

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To: Tigress who wrote (62)5/20/1999 12:21:00 PM
From: James Strauss  Read Replies (1) of 173
 
FLOW...

Tigeress:

FLOW is up against resistance on the 11.00 area... Beyond that it has resistance in the 12.00 area... If it gets by that it has a major spread triple top test in the 12 7/8 area... You could use the 13 day MA as a guide for taking profits... I'll also commit heresy and say you can use volume as a guide... Declining volume is usually indicative of buying drying up near tests of tops... If you see that, you're probably better off taking profits... Conversely, if volume builds on the up ticks it could be indicative of a potential triple top breakout...

Jim
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