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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (2992)11/26/1997 7:55:00 AM
From: SpecialK  Read Replies (2) | Respond to of 7396
 
Mark,
My .02 cents on MRVC is that the volume increased at 26 because there is support there. In the last 2 weeks, it has retested the 24 from 10/27 and then closed the open gap up. Notice that it hasn't broken 26, which is also the 60 day moving average. Stochastics, RSI and momentum are all improving from 10/27. On a chart, MRVC did a similar thing when it went down from 32 to 27 and then shot up to 39 or so.
Be careful.

Ketan


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