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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (16486)6/22/1999 7:16:00 PM
From: Trader J  Read Replies (1) | Respond to of 56537
 
Dave: We have already had quite a rally. Today's action took the top off which may be nice....always good to have a breather and create some new value. The psychology of investor's today states that perceived value is more important that actual value. That perception is bolstered when, after a strong run, we pull back that allow traders to establish positions, feeling that they didn't pay the high.

We will see.

TJ



To: Canuck Dave who wrote (16486)6/22/1999 7:42:00 PM
From: LTK007  Respond to of 56537
 
Looking at the 3-month price volume chart of AMEN,the key sign would seem to be early morning upticking WITH volume--I'd say 100k shares traded before 11 a.m. a rough guess.Max quote.yahoo.com


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