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

To: TATRADER who wrote (4685)2/24/1998 8:34:00 PM
From: John J H Kim  Read Replies (1) | Respond to of 7396
 
How do you see COBR being under accumulation? When a stock closes down, doesn't it mean that there were basically more sellers than buyers? Therefore more shares were distributed? I always can't seem to see for wether the glass is half full or half empty. What indicators do you look at to see accumulation/distribution?

Thanks



To: TATRADER who wrote (4685)2/25/1998 10:30:00 PM
From: LzzrdKing  Read Replies (1) | Respond to of 7396
 
Mark re SPCT
Triple bottom formation with a buy point at 19.75, which happened today. I might look at this one above todays close. No real resist to 25, though there is some overhead. Good find. Stock closed over 50 day as well, on big vol. There is clearly some overhead left in this area, otherwise it would have closed near the high.


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