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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (2903)	11/21/1998 11:00:00 AM
From: Thomas Sterner	Read Replies (2) \| Respond to of 43080

<<Tom--Could you explain the anatomy of overhead resistence>> Myron, In looking at the chart, it was in the 11-13 range for approx. 6 months. Therefore, it seems there is more supply at around 13 than there was at 9. I think you are right that it could break 13 fairly soon as long as it trades at 2-3 million shares per day. However, its average volume for the past 6 mos. is 859K/day. If it stalls anywhere for more than 4-5 days, I'll exit and maybe re-enter later. Tom