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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Shinin' Times who wrote (8204)	1/3/1999 7:50:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 11149

Volume At Bottoms Hi Fred, I think that if you look at the second bottoms, you will see a sell day where the price drops to the low, but the volume is less than average. That, IMHO shows the selling exhaustion and is the signal to the pro's that there is no more stock to be had at this level and it is time to start to move the stock up. At that point there may be or not be stock for sale a little higher. If there is quite a bit, then you will see the increasing volume with little change of price. If there is little or no overhead stock for sale, then the volume will not pick up until the price starts to move. If it was me, I would test for that low volume day and just put the stocks into a 'watch' directory and on to my quote screen and wait for the confirming volume on subsequent days to jump in. Of course, everyone trades a little differently, which is what makes a market < g > Excuse my rambling thoughts ... I shoveled a little too much snow today! Regards, John