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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Jurgen who wrote (8154)	3/21/1998 1:11:00 PM
From: ExCane	Read Replies (2) \| Respond to of 12039

Anyone up for starting a sunday nite chat session? Say we each pick a couple of stocks and discuss why we are interested. I don't know what's involved but would be interested in participating, if there are others. jurgen- "Bad news is good news, no news is very good news and good news is incredible great news" -great stuff

To: Jurgen who wrote (8154)	3/22/1998 9:44:00 PM
From: Robert Graham	Respond to of 12039

The concept of "overextended" and "overbought" has little meaning in a trend with strong price momentum. Learn how to gauge price momentum apart from trend of the stock. Other indicators like MF are helpful. After all, as long as there is a supply of traders willing to step up to the plate at the current ask, the price is likely to continue to rise unless distribution occurs. Distribution starts to happen during the uptrend by the big money, but it has its effect on momentum and leaves its "footprints" in the MF and most particularly on the tape. Once you start seeing its effect on the price trend of the stock, it can be too late. This is particularly true with the stocks that are played for their momentum that have enjoyed a very extended run. Bob Graham