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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: gooch_the_farmer who wrote (18265)	11/21/2000 8:03:30 AM
From: edamo	Read Replies (4) \| Respond to of 65232

gooch...stocks like atml, rmbs, and qcom have been under accumulation. not really indicative of basing, and in real time the process is slow. when the indicator moves up it shows the stock under accumulation, and typically with upward price movement when the indicator moves down it shows distribution and associated with downward movement the key is to look for divergence. that is an increasing accumulation and lower stock price indicates an imminent reversal. "imminent" is relative to the overall market and stock specific news. qcom has gone through this and has reversed...rmbs and atml stalling in this process, but still accumulating. dell is a perfect example of an issue that recently ran up while under distribution, brcm also fits the dell scenario. basing is more a linear observation of a stock trading in a fairly narrow range, building support as buyers/sellers are close to the mid point. when one side gives out and the supply/demand becomes skewed you will get a breakout of the range be it up or down hope this helps ed