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To: M. Frank Greiffenstein who wrote (23934)7/25/2000 8:45:26 PM
From: E. Davies  Respond to of 29970
 
So a 1/8th point drop at average volume below the previous 52 week low is considered a "breakdown"?

In my view the breakdown occurred when ATHM closed below 17 1/2 two days ago. If you look at a chart you can see that the time spent in the 16's has been very brief over the last few months. Not so this week.

Today was a consolidation day. You can break out of consolidations either way. I don't know which way tomorrow goes.

Eric



To: M. Frank Greiffenstein who wrote (23934)7/26/2000 4:25:16 AM
From: KW Wingman  Respond to of 29970
 
So a 1/8th point drop at average volume below the previous 52 week low is considered a "breakdown"?

Doesn't seem like it to me or to all the other put sellers either.

Short covering tomorrow?


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