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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (2401)	10/31/2001 9:28:10 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

The last time KLIC had a huge volume of more than 4 MM shares, it was also a price peak. Here is a "Turnip corollary" to the rule, "Price follows volume": "Volume peaks coincide with price peaks". The trick, is to identify a peak before it dissipates, since a high volume day may just be a precedent to a higher volume day (g). But if you look at HAUP's volume the last two days were "volme peak" (the very high volume there two weeks ago was due to a single 200,000 share trade, so "it does not count" (g), and thus, HAUP has probably peaked for the short term (thus my "final exit yesterday). Zeev