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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (8978)	6/16/2000 6:05:00 PM
From: Dan Clark	Read Replies (1) \| Respond to of 18137

Alan, I've been noticing something similar. In the last several weeks, an a stock's tick chart, a stock will start moving up or down to some S/R point. Then, as is normal the stock will hesitate. What's odd is when the stock starts moving, you will see what I call "spikes" - one trade whose price is significantly in the OPPOSITE direction of the trend of the stock. A few days ago, on one stock that was uptrending, I watched this phenomenon for about 5 minutes, you would see see more and more trades that were at or slightly higher than the Ask. The stock started upticking about a 1/16 every minute. Then about every 20-30 seconds in a consistent pattern, you see this spike in the opposite direction - one trade that was about 1/2 point below the bid. Frankly, it looked like someone was trying to encourage traders into believing that the rally was over and it was going to reverse. Regards, Dan.