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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: TradeOfTheDay who wrote (359)12/8/1998 11:14:00 AM
From: Nevada  Read Replies (1) | Respond to of 122087
 
Am trying to figure an exit point for mysw. Studied the chart and noticed that the last run up from 10 to 12 was on very heavy volume. Does not seem to be that big of a jump (20%) given the huge increase in volume. Interpreted that as there were a lot of sellers just waiting to exit. Now the shares are in speculators hands? Seems they will dump if no action?
Am obviously not a chartest- but it just seems that there is no volume support above $4-6 per share range.
Anybody have any other ways of looking at the exit price (have a mental stop loss to cover at 10 3/4 now).