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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: ivan solotaroff who wrote (3972)	11/22/1997 4:12:00 PM
From: Esteban	Read Replies (1) \| Respond to of 4701

Ivan, FYI, CADE had a bid price of < 2 7/16, for only 15 minutes, and the low bid of 2 3/8 for only 1 minute on Friday. Two trades only at the low. Hoping you're right about CADE. Esteban

To: ivan solotaroff who wrote (3972)	11/23/1997 11:11:00 AM
From: Dave H	Read Replies (1) \| Respond to of 4701

Hi Ivan, No apologies necessary! on the contrary, you bring up some good points, stuff I hadn't even considered. I think with the low priced stocks especially you have to be extra wary of MM control and manipulation. I agree that the current break under support could have been caused purely by manipulation, where there were some low bids and the MMs snatched them up. I definitely need to learn more about how the MMs work and especially how to spot it. But I also have to say that CADE has been downtrending since the beginning of October, and since the beginning of November the downtrend has accelerated. Sometimes it's important to look at the big picture; could daily MM action really bring the stock down from about 3 1/2 to about 2 1/2 (29%) in about 7 weeks? Maybe. Just be careful, since there's more room for CADE to go down if 2.4-2.5 doesn't provide support. You can take TC2000 custom indicators with a grain of salt,especially when they indicate something over only 2 days, but I wouldn't do the same with the violation of trendlines that go back years. -dave