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To: Ariella who wrote (1163)8/20/1998 9:40:00 PM
From: arnie h  Respond to of 1491
 
Ariella et al: Just wanted to point out that the Worden Bros charting I follow has an accumulation (buying) vs. distribution (selling) indicator. This indicator crossed to the distribution side early in the first full week of August and has become greater each day in almost a linear pattern. Can anybody think of anything this might coincide with?

I'll post when this indicator starts to turn around.

Arnie



To: Ariella who wrote (1163)8/21/1998 10:43:00 AM
From: Richard Huth  Read Replies (1) | Respond to of 1491
 
On the first view, down over 5 % does not look like a reason to feel confident. But I have the feeling, there are some good news behind that day.

The stock broke an psychologically important barrier within the trading day as it went down under $2, but it recovered above that level not triggering panic sales (good news #1).

Even with a turnover 4,5 times above average there was enough interest in the markets to cover all the shares sold and to come up with an intraday reversal (good news #2). It seems, some investors (to be true, I joined them) used the day to accumulate at deep level prices.

Let's see what is coming within the next days,

Richard