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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (19489)7/16/1998 4:05:00 PM
From: ivan solotaroff  Read Replies (2) | Respond to of 79281
 
DANKY

Doug,

Sorry for the rather importunate request, but it has SOME bearing on your teachings.
I'm perplexed by DANKY's high-volume day; there was a good 4-5% move, but it came largely on an unsupported gap up, followed by a hectic day of buying and selling with little appreciable change in anything but the BBs, which are tourniquet-tight (while <gulp> short-term indicators are turning moderately downward). It occurs to me now that I've bandied your phrase "hpyer-accumulation" about without really understanding it.
In short, my liege, I have no clue what today's heavyish volume means--or for that matter how to interpret any day when the heavy trade winds blow and the ship just ... sits still.

Ivan



To: Doug R who wrote (19489)7/16/1998 4:11:00 PM
From: ACAN  Respond to of 79281
 
Doug; ABTE Do you have any analysis on ABTE at this point?
Company issues a release, yesterday, stating stock is undervalued, and being manipulated by illegal shorters, and
states gross revenue will be $50 mil next year.
Today, Ascensio puts out a sell and sell short recco on it.

Yahoo board says recco is a lot of hockey puck!
down over 2 bucks today. is it sitting close to its long term uptrend line.

TIA, Allan



To: Doug R who wrote (19489)7/16/1998 5:23:00 PM
From: Matt G.  Read Replies (1) | Respond to of 79281
 
Doug,

applying some of that seminar stuff...

Trbdf...pennant or flag? either way...the 3,5,13 d rsi show
ihs patterns...

But...here's the bummer for today...insufficient volume to
support a true break-out.

Any comments?

Matt G.