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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?


To: Tim Fierro who wrote (2070)1/31/1998 11:26:00 AM
From: lazar921  Read Replies (2) | Respond to of 2377
 
volume... i would say less than 100k 30 day avg is shaky. i would say no erratic vol...that is days of 10k shares and two weeks later vol of 300k. things like that ...i follow on balance volume, money flow etc. equivolume to gauge the buying vs selling. tiny stocks often do not meet such criteria. the price is not as relevant as the "history" of the chart. SPYG for example, i was long early this year and made 25% in a few days. it was in the 5 $ range....but the main point is this is a followed co and the chart can be read more easily when there is something prior to measure the vol against. i use leading indicators primarily stochs etc... i use rsi to see failure swings etc...classical divergences (price vs indicators) these things can really not be successfully applied to charts which have no "past" to gauge the new movement against. many of the very small caps that do not have a good history of vol or movement, only to begin to start "moving" is a tough game to play. is the runup novices? how far can they push it? do they know if they are buying too late? i have seen too many times runups that people pile into only to be left holding the bag while the others pull money off the table. this is not a game i would like to play....the little vol and then NEW vol indicates usually in these hyped little stocks that there is not "smart" money pouring in...their actions can not be gauged, thus the stock movement can not be gauged....this is a game i would not care to play. i put money where real money is and where ta can be applied w a an ammount of certainty as to the outcome.
sincerely,
jeff