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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Dennis who wrote (33035)	6/25/2000 5:21:00 PM
From: Steve Lee	Read Replies (2) \| Respond to of 64865

TA I use is fairly simple requiring no great grasp of statistics. Simplest technique is to remember that a stock is more likely than not to bounce of a level it has bounced off before, whether it be bouncing off resistance or support. It is also useful to watch for big trades, as these can have a marked short term effect on the price. EG, if someone places a big sell order against the existing bid, the price is likely to drop soon afterwards. Just as if someone had a collection of 50 Jeep Cherokees in your town and sold them all one day, it is likely that the price of these vehicles in your town would drop, as the demand has been soaked up. This is simple supply and demand economics. Of course, the real thing that moves stocks in the long term is news so long term decisions should be made from your own painstaking research.