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

To: Zeev Hed who wrote (700)	3/23/2000 2:36:00 PM
From: rfisher	Read Replies (2) \| Respond to of 30051

Zeev, do you know of any recent negative news on CCRD? I see that it actually went under 34 today - the lowest low since Feb 2nd. SC stocks pretty quiet today.

To: Zeev Hed who wrote (700)	3/23/2000 3:11:00 PM
From: YxY	Respond to of 30051

What I usually do is the following If I want to find support I look at the last ascending move from below the current stock value (assuming the stock is now going down) then I cut (actually my computer do it) the price scale of this ascending move in slices and compute how much volume has been traded in each slice. if I can find one or two consecutive slice with peak in volume and volume shrinking strongly above I have a good support I began to worry when the stock go through the support with a trading volume comparable to the volume accumulated in the slices (Actually that is wrong I'm worried as soon as the stock is going down (G)). It is not always very accurate when there has been a lot of swings before as formers ascending moves may still have consequences.