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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?


To: Arthur Tang who wrote (3624)5/5/1998 5:41:00 PM
From: Arthur Tang  Read Replies (1) | Respond to of 21143
 
Yahoo big one day chart is very revealing of the day's actions. Daytraders overbought and stock pulled back early in the morning. Several market makers offer different prices and traded evenly, plenty of liquidity. All big blocks are sell orders, after price retreated in early morning.

Same as usual, technical trend lines will be pushed over one more day. Daytraders should try not to place only buy orders in the morning. Liquidity shows the big investors still has buy orders being executed.