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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Cody Goebel who wrote (7467)	3/10/2000 9:18:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 10852

It is my understanding that high volume sell offs are not good, it means there is a lot of unloading going on. Wait for the volume to dry up and a basing pattern to develop. Another reversal stick is a hammer, which is a stick where heavy volume accompanies a close well above the low of the day. Unfortunately we closed at the low of the day in high volume which is not a good sign. From here, we could easily get a dead cat bounce up to 16-17 only to sell off again, we are way over sold though IMO, but it is hard to catch a falling knife. TA is just a tool for entry and exit, and not a science but I do believe it has its place. Good Luck! MileHigh