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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Robert DeHaven who wrote (7767)11/17/1997 10:39:00 AM
From: Doug R  Respond to of 79474
 
Bob,

Before the news on a company's developments get to the public, insiders and "smart money" know what's going on and often their activity shows up in the technical profile. That's what I try to find although I often wait for verification. Accumulation in a stock can be seen even as the price is falling. On the technical charts, that's known as convergence and is a very helpful sign to begin the stalking process. AERL's technicals are a good example of convergence from 1/97 to 4/97.

Doug R