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To: Traveler who wrote (25963)12/10/1998 8:35:00 PM
From: Freddie Forte  Respond to of 27968
 
Just isolating volume can give you a clue on what's going on. Selling is being met by buying at these levels or else the price wouldn't be here. It's that simple. If you've noticed, the price has been dropping on anemic volume on predominately selling days. Between 10-30 thru 11-19, daily volume was pretty good and it was predominately buying days. Those positions far outweigh the volume we've recently witnessed. Acc./Dist. indicator refuses to follow price down and has been increasing steadily, using many different time durations as measuring sticks. Stochastics and Williams%R are, also, in oversold modes and are indicating buys. However, any drastic moves, I think, will need more volume than what we're seeing now. When does that media blitz begin again? ;-))