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Microcap & Penny Stocks : All American Semiconductor (semi) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (884)	3/23/2000 6:17:00 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 952

stockpoint.com has interactive charts. The buy and sell volume is shown in green and red, respectively. This if accurate can show short interest if overbought. Looking at the SEMI chart vs volume, we can see the pattern of daytraders coming in on the first wave. The subsequent pull back and the length of the pause (pull back). Then institutions came in on the second wave. Volume splashed (gapped) up, by the big fish in a small pond effect. Pull back is now 30%, today. How long it takes to breakout nobody knows yet. Common sense says 4 weeks, unless more institutions come in to boost the overbought. If that happens, it will take elliot wave to analyse the long (two wave) pull back. Hopefully it never happens, elliot (5) waves are the grim reapers of stock investors. To prevent it from happening, the institutions have to take profits partially in steps to advance the stock price and appreciate their remaining shares in their portfolio. Thus the market will be fluid and elliot wave theory will be averted. To advance by partial profit taking, the institutions have to talk to their market makers and become a common stock pool to supply the excess demands preventing overbought. Or SEMI has to have a new issue to sell into the pent up demand.