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Chip,
Thanks for the help with understanding the issue.
Steven Buss
Walnut Creek, CA
sbuss@xxxxxxxxxxx
-----Original Message-----
From: Chip Anderson <chipamy@xxxxxxxxx>
To: Greatelto@xxxxxxx <Greatelto@xxxxxxx>; metastock-list@xxxxxxxxxxxxx
<metastock-list@xxxxxxxxxxxxx>
Cc: GROBERT1@xxxxxxx <GROBERT1@xxxxxxx>
Date: Wednesday, October 29, 1997 2:00 AM
Subject: Re: Key reversals
>Volume was curtailed by the trading halts. - Chip
>
>---Greatelto@xxxxxxx wrote:
>>
>> 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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