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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (8391)	10/13/1998 6:18:00 PM
From: Greg Butcher	Respond to of 42834

well Dipy..actually there is no confusion at all when your talking about low volume on a up day...If you read the chart it tells the whole story. You see what you saw was when the dow went above 8000 infact sept 12 is a good day to look at. It should have been expected to see it dip down again at that time. then the selling picked up on the way back down. But to see low volume on a down day when we are near 8000 is truly a good sign. bouncing off the middle 20 DMA Bollinger Band also "bodes" well. You see...the stock itself is your enemy and the general condition of the market is your battlefield. In order to defeat the enemy you must know what kind of battlefield your on. Thats the way I always think of it.