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

To: Jay Lyons who wrote (8006)	2/8/1999 9:21:00 AM
From: LastShadow	Read Replies (2) \| Respond to of 43080

NM It has erratic volume, and as such is a little harder to guesstimate. however, it is still in a downtrend positionally, and would need to close above 8.625 with some volume to be a technical buy. As for the local resistance levels, 7 is the short term, but the mid term saysit cold still retrench to fill the gap. I don't know the stock, but mid-98 this was a $1 stock, and the increase in price was accompanied by some huge intrday spreads - that speaks to trading action and mm activity more than valuation increase. Still, the Street.com does ifluence local and day plays, so might be worht watching for entry or gap play. ls