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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: QwikSand who wrote (296)2/22/2000 3:44:00 PM
From: Steve Lee  Read Replies (2) | Respond to of 30051
 
About the same price that I bought back in!

According to TA, a break thru an all time high indicates that some buyers want it so bad that they will overcome all the selling that historically occurs at that level. Buyers with that level of determination tend to hold - so effectively the shares are out of circulation. Then according to supply and demand the stock must rise. Empirical evidence shows this to normally be correct.

Anyway, congrats on a good profit.