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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (2292)12/17/1998 6:38:00 PM
From: StockOperator  Read Replies (1) | Respond to of 56535
 
Lets just say that there in a enviable position. The daily chart definately shows weakness in the stock. Plus it moved down today on heavier volume, generally not a good sign. But looking at the weekly chart you will see that the uptrend is still intact. The heavier volume day today could have been smart money accumulating at lower prices or perhaps we are look at a change in trend. Tomorrow will tell us much.

SO



To: Canuck Dave who wrote (2292)12/17/1998 7:14:00 PM
From: Trader J  Read Replies (1) | Respond to of 56535
 
Canuck: MMs - Yes, they do have that much power. They are challenged with making a fair market.....but sometimes their definition of a fair market may not have the same meaning I my definition.

TJ


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