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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (24343)	11/10/1999 4:11:00 PM
From: xcr600	Read Replies (2) \| Respond to of 70281

Hi Stefan, welcome to my world! I can't make heads or tails out of the things. Today's close looked like short covering rally. Market volume is what is confusing me. Big vol days and a down move would signal distribution to me, especially if gaps can't hold. But there hasn't been much of a selloff either. Seems to be caught somewhere between distribution/accumulation. (Pretty vague, huh?) But I think Clint is right in that we'll see some profit taking beginning tomorrow. I also am scouting out some potential momo candidates for the post Thanksgiving Day nut rally. Something w/a low float and a hot sector (b2b, etc..) x