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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (4994)1/20/1998 9:32:00 PM
From: Chris  Read Replies (2) | Respond to of 42787
 
lisa

you did get the point:

it wouldnt [go up/down] unless news has leaked...

that's what TA "tries" to say everything is discounted in price.. of course, it's not perfect but yes that's what TA tries to say.. it says, if earnings are good, and news has somehow leaked.. then there will be sign in the price and volume..

want an example?? SPF today rose 1pt i think.. friday it had 900% increase above avg volume. doesn't that tell you something?
im not sure what "news" is causing this.. but earnings IS coming out in 1 week... maybe someone knows something...

please continue posting.. i want to clarify everything...



To: ViperChick Secret Agent 006.9 who wrote (4994)1/20/1998 9:32:00 PM
From: Chris  Respond to of 42787
 
lisa:

correct.. for those short-term traders... they could have traded between the 99 support and 105-107 resistance..

so, yes... it's possible.