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To: freelyhovering who wrote (11048)	2/11/1998 8:30:00 PM
From: DAVE WALL	Read Replies (1) \| Respond to of 31646

Myron, IBAH sure gave you your volume but no movement. How can a stock trade that kind of volume and not budge one way or the other? Dave

To: freelyhovering who wrote (11048)	2/11/1998 8:57:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 31646

Myron, as far as indicators go, this is my approach for short term breakups or breakdowns. I scan for volume that exceeds the seven day moving average accompanied by the price exceeding either the previous day's intraday low or high. If this accompanied by favorable stochastics with confirming accumulation or distribution all the better. Normally that condition will see a temporary attempt to return to norm which is when you take the position short or long/put or call. The period of seven days seems to provide a volume confirmation, the exceeding previous day's highs or lows provides a new direction initiative on the price. While this greatly helps to sift out the beginnings of moves, all positions can reverse without confirmation from the fundamental camp to support continued momentum in the direction of the break. Jim Will look over all your picks and get back.