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I thought that I noticed on CNBC late in the day that, despite the up day,
down volume was higher than up volume today. Anyone know where to find out
for sure?
Steven Buss
Walnut Creek, CA
sbuss@xxxxxxxxxxx
-----Original Message-----
From: David_Radtke@xxxxxxxxxxxxxx <David_Radtke@xxxxxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Wednesday, October 29, 1997 12:35 AM
Subject: Re: Key reversals
>Jerry,
>
>Volume does not always follow the trend. This is referred to as a
>divergence, and it can be a key indication of what is to come!
>
>The stocks you observed showed a sharp drop in price accompanied by low
>volume, during a strong bull market. Add it all up and you get the rebound
>we had today! On the other-hand when specific stocks experience a sharp
>decrease in price with heavy volume, they are more likely to continue their
>downtrend.
>
>I had been short SLOT for about a week, and covered yesterday. SLOT is an
>example of a stock that was declining on heavy volume.
>
>David Radtke
>
>
>
>
> (Embedded
> image moved metastock-list @ metastock.com
> to file: 10/28/97 03:52 PM
> PIC21827.PCX)
>
>
>
>
>To: metastock-list @ metastock.com
>cc: GROBERT1 @ aol.com (bcc: David Radtke)
>Subject: Key reversals
>
>
>
>
>I reviewed most of the stocks in my data base after Monday's collapse and
>noted the large majority were down sharply but on no pick up in volume. In
>many cases, the volume dropped well below the daily average.
>Then I reviewed them again after Tuesday's rebound and discovered most had
>huge volume increases and closed up after earlier lows...key reversals.
>I would appreciate hearing from others what they saw. Not so much about
>the
>key reversal day on Tuesday, but the action their stocks had on
>Monday.....the low volume on a sharp down day.
>I always believed that volume followed the trend. Any comments?
>Jerry
>
>
>
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