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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: joe who wrote (24034)	11/4/1998 4:22:00 PM
From: Wayners	Respond to of 45548

Yea when I say low volume, I mean relative to the volumes you have been seeing during the day for the same security. You can see the volume increase and decrease in waves just like price. Just find a trough in the waves. Generally speaking the hours between 11 and 2 don't offer enough volume to get the breaks you and me are looking for. Its better to NOT use buy stop limit orders in the middle of the day like that. Find something with tremendous volatility and volume early in the day and at the end of the day to try it out on--otherwise you're likely to end up buying stuff right at the top and get pissed off at the repeated fake breakouts. Find something that has dropped several points for no good reason. You'll typically see something drop in two large moves with a basing/consolidation period in between (you'll see triangular patterns a lot). It gets hard to describe all this as its becoming more and more intuitive for me and much less mechanical.